ASX bloodbath resumes

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Friday’s dead cat bounce hasn’t lasted long with the ASX 200 plunging 6.9% on the open:

The falls have been driven by financials, which have been smashed 7.7%:

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Consumer discretionaries have also been slaughtered, down 8.3%:

The bloodbath resumes.

About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.