ASX fades Wall Street

David Llewellyn-Smith

Thursday 9 April 2020

The Australian dollar is still running amok this morning:

Bonds are bid:

XJO is up but has largely fading overnight gains again:

Big Iron is mixed:

Big Gas still hopeful:

Big Gold still crap:

Though not as crap as the fake profits, dividend-free banks:

Big Realty is nowhere near fair value:

Some sense shown in fading Wall Street.

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.