CBA share price free fall continues

David Llewellyn-Smith

Thursday 14 June 2018

AUD is stable through the morning:

Bonds are bid:

XJO is flat:

Dalian too:

Big iron is rebounding:

Big Gas is down:

Big Gold is mixed:

The CBA free fall below broken support continues. WBC too. Given the 10% divi-bribe, markets are definitely beginning to price an earnings problem:

No such issues for REA which must deal in coconuts not property!

MEA back at record lows…

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.