ASX hammered with AUD

It’s a bit of fun on the bourse today as XJO slumps. No technical damage done at this point:

We can’t say the same for yields as the reflation trade goes “poof”:

Which means bye, bye banks. The CBA bubble is still not burst:

Which, in turn, means adieu AUD:

Offshore earners are trending up some:

While big miners have been turned away from record highs:

And OPEC hoses Big Gas:

With Big Gold selling into soon to be rising real yields as inflation falls away:

China has killed the reflation with credit clamps and the Fed is cremating the body with a policy error.

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