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 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.
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.
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Macro Afternoon
A late surge in stock buying, pushed by
Macro Morning
Another sea of red on overnight markets last
Macro Afternoon
Markets are sliding into risk off mode today
ASX bath of blood claims iron ore
The Australian dollar is up and about after more
Reality must be denied until after the US election……..global recession still in progress
https://twitter.com/RobinBrooksIIF/status/1303311058711576577
Recovery stalling out but happy talk wherever you turn
https://twitter.com/mtmalinen/status/1303618395657699334