ASX bath of blood runneth over again

David Llewellyn-Smith

Wednesday 18 March 2020

The Australian dollar is still trading below 60 cents:

Bonds are bid after the opening yield spike:

XJO is off a breezy 4%:

As Big Iron sells:

Big Oil has been annihilated:

Big Gold is hanging in. It’s now buy the dip:

Big Banks are…I’m out of adjectives?:

Big Realty is starting to burn:

More bloodshed ahead.

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.