ASX bath of blood brims anew

David Llewellyn-Smith

Tuesday 27 October 2020

The Australian dollar is weak this morning, trading in a bearish descending triangle pattern:

Bonds are bidly:

Stocks look like they’d like to reverse the recent bounce:

Big Iron is approaching critical post-rally support:

Big Gas is sliding away:

Big Gold is screaming a rising DXY ahead:

Big Banks will reverse as the yield curve re-collapses:

The virus bath of blood brims anew and markets are long.

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.