ASX bath of blood sprays all

David Llewellyn-Smith

Wednesday, 9 September 2020

The AUD is marking time around new lows this morning:

Bonds are in vogue again:

The ASX is close to making things interesting for a deeper correction:

Big Iron is soft:

Big Gas buggered:

Big Gold still correcting:

Big Banks are trending inexorably down:

As Big Not Debt goes bust:

Still think there’s more blood-letting head. We’ve hardly dented this thing.

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.