Australian dollar bid as virus fixed!

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The Australian dollar is bid this afternoon as market damage winds back a little:

Bond gains have softened at all-time low yeilds:

XJO is still down solidly and has set up a massive double top:

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Iron ore is down a little:

Big Iron is down more, execpt FMG, the most leveraged to price. Go figure:

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I’, pleased to see Big Gas getting flared:

Big Gold is still a big disappointment:

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The CBA bubble may be bursting:

Big Realty isn’t happy either:

Violent sell-offs and rebounds are chacteeristic of bear not bull markets…

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.