ASX takes on golden hue

David Llewellyn-Smith

Wednesday, 24 June 2020

AUD is pushing higher today:

Bonds are range trading:

XJO is stalled despite strong offshore leads:

Big Iron is up:

Big Gas is down:

Big Gold is off and running finally. Will the great ball of Millennials buy it?

Banks meh:

Big Chunt is so overvalued not even Nasdaq records can fire it up:

By rights, a global tech rally should leave Australia behind.

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.