ASX bath of blood floods over again

David Llewellyn-Smith

Monday 4 May 2020

The Australian dollar is copping it this morning:

Bonds are bid:

Stocks were down moderately but have firmed:

Big Iron is out the door:

Big Gas too:

Big Gold is rebounding:

Big Banks not so much!

Big Chunt meh:

S%P futures are down solidly. We shall see.

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.