The Aussie dollar is down this morning:
Bonds are bid:
XJO up a bit:
Big Iron is clearly skeptical of the Dalian surge:
Big Gas is stalled:
Big Gold is up at last:
Big Banks to the moon!
Aussie banks are zombies right along with European now. A brief value rotation won’t change it. It’s structural:
Big Tech is draining way:
Give me a house price boom and a part-nationalised, zombie bank to fund it!