Stocks convulsed by rates again

Friday, 13 October 2023

The Market Ear with the latest positioning charts.

Rates are back

Massive up candle in the 30 year as rates spike even higher post the latest auction. Today’s candle is much bigger than yesterday’s down candle. Note we almost touched the 21 day earlier today.

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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.