ASX to the moon!

David Llewellyn-Smith

Monday 16 November 2020

The Australian dollar is to the moon this morning:

Long-end bonds sold again:

Stocks to the moon as well:

Big Iron is up:

Big Gas is up:

Big Gold is up:

Big Banks are up:

Only Big Tech is down as ASIC mulls slapping the wet lettuce on BNPL:

More value rotation then. We’ve got the Fed and more vaccines this week even as the US begins to shut down and fiscal drains away.

It’s a post-risk world.

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.