ASX fakeflation melts up

It’s something else now. The AUD is in an unruly melt-up:

As the suicidal RBA snores, bonds are selling too:

XJO looks positively sober next to the currency. Not long now before it is crushed by it:

Big Iron is one of the few in a real-life boom:

Big Gas is lagging oil which has moved very fast:

Big Gold is being left behind but if DXY keeps falling it will resume:

We’re long all three given they are the only plays we can find with any substance.

Banks are rising again:

Big Chunt, which has no listings, is priced for a boom:

Outside of specific commodity plays, it’s all fakeflation and, in due course, will bust just as spectacularly.