Big Iron blowoff drives another ASX all-time high

XJO is at another new record high this morning as the economy hurtles into recession!

Which bonds yields are clearly signaling as the curve is obliterated:

The Australian dollar rally stalled out on Sydney’s still rising infections:

Big Banks are struggling other than the CBA bubble:

But today’s star is Big Iron. BHP has roared to a new record high. RIO and FMG both have bullish ascending tringle chart set-ups to follow suit:

Iron ore prospects are clearly sliding with Chinese growth, increasing regulatory clamps on steel output, and rising global supply.

But it’s blowoff time!