ASX falls as virus impact grows

David Llewellyn-Smith

Thursday 19 November 2020

The AUD is down this morning. The hot money bet appears to be a weak jobs report:

Bonds are bid and XJO is off yesterday’s gains:

Big Iron is ignoring Dalian fireworks:

The Big Gas value rotation has flamed out:

Big Gold ouch. All the more so given BTC:

Big Banks are mixed:

Big Tech fading:

Virus damage is mounting, killing off inflation and stalling value. I’ll BTFD if we get decent puke.

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.