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.
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.
Latest posts by David Llewellyn-Smith (see all)
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Its a day of excitement across risk markets
ASX bath of blood turns gold rush
The Australian dollar is gapping higher this
Macro Morning
Stock markets stalled throughout the risk
Macro Afternoon
Its a day of retracement as expected across
Yep. Fingers crossed we get a correction- badly needed. A nice 10-15% swan dive would do the trick.
By God we need it.