ASX bath of blood drags down banks

The Australian dollar is soft this morning:

The bond curve wants to steepen but can’t:

Stocks are up a little but vulnerable:

Big Iron is leading:

Big Gas is still stinky:

Big Gold has a bid at last:

Big Banks do not and the trend is not its friend:

If the correction is over then it’s not obvious here.

David Llewellyn-Smith
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