ASX bath of blood fills with oil

David Llewellyn-Smith

Wednesday 22 April 2020

The Australian dollar is holding up all things considered:

One reason is RBA tapering has frozen bond yields in situ. Stoopid:

XJO is rapidly unwinding the bear market rally:

Big Iron is drawn in:

Big Gas is aflame once more. Not enough!

Big Gold marking time:

Big Banks are breaking down fast. BOQ is at new crisis lows:

Big Realty is a free-falling turd:

Bring on the tarmac.

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.