Banks lead return of ASX bath of blood

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The AUD is down smartly again this morning:

Bonds are bid anew:

XJO has gapped 2%:

Big Dirt is soft:

Big Gas awoken in fright:

Big Gold roll:

Big Banks haven’t rallied in two weeks. They’re leading us lower:

Big Virus should be zero:

Banks are the next crisis. 

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.