ASX crashes as Trump rightly quarantines Europe

Thursday, 12 March 2020

Just the one more chart. XJO down 5% and taking out the 2018 low, opening us up for a run towards a 4-handle (maybe tomrrow?!):

El Trumpo has done the right thing:

#BREAKING: President @realDonaldTrump announces a new travel ban on all of Europe for 30 days. pic.twitter.com/ALBWcNx5ke

— Washington Examiner (@dcexaminer) March 12, 2020

The only question this should trigger for Australians is: where the fuck is our European ban?

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.