ASX to the moon on Trump guff!

David Llewellyn-Smith

Monday 6 April 2020

The Australian dollar had added a few pips this morning:

Bonds are a little soft:

Stocks to the moon as Trump moves from vague guff about oil to vague guff about more stimulus cheques:

Big Iron is convinced that global depression can’t hurt it. Mad:

Big Oil is struggling to believe in Trump’s guff:

Big Gold meh:

Big Banks are loving it:

Big Realty too:

It’s tiresome how one man’s guff now controls all markets.

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.