ASX bath of blood claims iron ore

The Australian dollar is up and about after more preposterous ABS jobs numberwang:

Bonds are selling a little:

As are stocks. I still favour some more correction:

Big Iron is copping it with FMG hammered. This is a classic seasonal BTFD over the next month, in my view (which is not advice):

Sad to say, Big Gas is up:

Big Gold is showing signs of life. The correction may or may not be over. If stocks do correct, and the USD spikes, we’ll probably see one more clear-out:

Big Banks are trending relentlessly the way of all flesh:

As EconomySmasher is unleashed.

David Llewellyn-Smith
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