Is the Fed about to end the cycle?

David Llewellyn-Smith

Friday 7 July 2017

Markets puked last night. The AUD fell against a weak USD and strong EUR:

The Battler was mixed against EMs:

Gold held on:

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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.