Australian dollar falls, ASX bids into the depression

David Llewellyn-Smith

Thursday 26 March 2020

The Australian dollar is down further this morning:

Bonds are well bid again:

XJO is up a bit more:

Big Iron is hilariously undiscounted for what’s ahead:

Big Gas is better:

Big Gold is crap still:

Big Banks are trying but not getting far:

Big Realty should be at zero because that’s where its revenue is going:

A big yawn for this rally.

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.