ASX bath of blood returns for banks

AUD is struggling this morning:

Bonds are bid and the yield curve has been crushed:

Stocks have erased a poofteenth of the recent ramp:

Big Iron is soft:

Big Gas too:

Big Gold needs a breakout to restore faith:

Big Banks have reversed down with the yield curve. This nicely illustrates the market’s bizarre fakeflation as the Fed must squash rates for a dead economy, killing banks in the process, so why is the curve and banks taking off? Because some artificially stupid algo says they should?

Big Chunt has run out of petrol:

A touch of reality about today’s action.