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at 11:05 am on July 19, 2021 | 5 comments
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.
China
Big-gas
Big-gold
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