The massively overheated Australian dollar is pulling back a bit this morning:
Bonds are bid after last night’s shellacking:
XJO has recaptured 6000:
Advertisement
On a cool 20x NTM PE, the highest since 1999 and the greatest bubble of all time, until today:
Big Iron ore still running and looks positively cheap with Materials on a shockingly low 15x NTM PE:
Advertisement
Big Gas is grinding higher:
Big Gold has failed again:
Advertisement
Big Banks are the next faker, surging into the fake sector rotation:
Now on the highest NTM PE ever:
Advertisement
As Big Chunt parties on the very disappointing housing stimulus:
Next up for the Great Fakeflation is a fake inflation scare as an entire financial cycle is played out in a strange fantasy lasting a few months.
Advertisement