Shorts puke the Australian dollar

See the latest Australian dollar analysis here:

Macro Morning

DXY was stable Friday night:

The AUD was a one way rocket:

As the record short tasted vomit for the first time:

The commodity bubble inflated:

But not iron ore miners:

The bubble has given EM stocks a reprieve:

But junk still fell:

Treasury yields backed up some more but the curve appear to be cooked now:

Which aided Growth stocks:

Nothing new here. The commodity mania intensified and will run until it burns itself out. While that happens the AUD is going higher. The record short is obviously vulnerable to a considerably larger puke with markets moderately long DXY:

And very pessimistic about AUD:

A good cleanout of bears here would be a fantastic opportunity to reload Australian dollar shorts for the coming commodity bubble pop.

Houses and Holes