ASX smashed

David Llewellyn-Smith

Thursday 3 October 2019

XJO is taking it right in the team this morning, down 2.3%, with a nice double top in place short term:

And downright epic long:

Bonds are bid:

AUD too:

Big Iron is falling off a very high perch:

Big Gas is in severe danger as oil crumbles:

Gold up:

Big banks are nasty:

Even Big Scum is copping it:

Definitely a whiff of sulfur in the air this morning…

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.