ASX bath of blood redux

David Llewellyn-Smith

Thursday, 2 April 2020

The Australian dollar is up few pips this morning:

Bonds are strong:

XJO has gapped much of yesterday’s inexplicable surge:

Big Iron is down. This is my bet for the next sector to be slaughtered:

Big Gas is hoping that Trump can lift oil. Good luck with that:

Big Disappointment rolls on:

Big Banks are down sharply on dividend fears:

Big Realty is delusional as uusual:

S&P futures are up and limiting the damage.

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.