Buy dirt, dump debt drives ASX

David Llewellyn-Smith

Tuesday 28 July 2020

As DXY keeps falling, the fakeflation is driving commodities and the AUD wild:

Even yields raised an eyebrow:

XJO still has a bullish chart:

Big Iron to the moon:

Big Gas meh:

Big Gold to the moon:

Big Banks meh:

Buy dirt, dump debt!

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.