Crazy ASX rallies again

The Australian dollar has been unable to add to the RBA stupidity premium this morning:

But bond markets have, getting absolutely flushed:

XJO has rallied in forced madness from Wall St:

But S&P futures are down again:

Big Iron is fixed!

Not so much Big Gas. I expect oil to end this crisis with a $20-handle:

Big Gold meh:

Big Banks have bounced but support is gone. Lower ahead. CBA is different, not:

Big Realty who cares:

Explosive European and US outbreaks are imminent. Will Wall St rally as it falls ill itself?

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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.