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DXY is testing the bottom of its recent range:
AUD is the inverse:
Shorts are slowly diminishing:
Oil is the great white hope for lower prices but more recession:
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Dirt was firm:
Big miners to the moon:
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EM stalled:
But junk is the leading indicator:
The Treasury steepened for once:
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Which stocks hated:
US PPI came in a bit hotter than expected but not terrribly so:
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Fed nowcast inflation for CorePCE is stuck fast:
US CPI and Fed this week.
Brace!
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.
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