Markets are confused by the Aussie jobs report with larger than expected job losses, and dire underemployment, but a tiny rise in unemployment. So the AUD has slid a little:
Bonds are bid:
XJO is down modestly again despite weak overnight leads:
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Big Iron is the story of one firm now:
Big Gas is off:
Big Gold is revving again:
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I’ll say it again, Big Banks are not well:
But downstream, Big Chunt trades off the Nasdaq. Which only goes to prove how short of tech Australia is:
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And no, I do not think that the ASX bath of blood is drained.