The Australian dollar is firm this morning:
Bonds are selling but nothing like the US as we approach RBA easing:
Stocks have gone from a dire technical rollover to something more non-descript:
Big Iron has bounced a little. I would buy this dip but I’m unsure if it’s over. We should have corrected deeper but, then again, mills often resume buying post-Golden Week:
Big Gas is as fooked as oil:
Big Gold has gotten a corporate boost today as NST and SAR merge. Pleased to say we’re stacked with the former:
Big Banks are still locked in their downtrend and, given the RBA is about to demolish the curve, may well miss out on much of any short-term rotation if curves keep steepening in fake stimulus elsewhere:
Still not much to recommend the local, post-profit-growth bourse.
