PLS chart, page-171

This is the scenario so far:

Bond price UP
Equity markets UP
Gold price UP
Copper/Iron ore/even zinc/nickel UP
Oil UP
VIX UP

Who is WRONG?
If I measure AUD against USD, it is the less ugly reflection so far mainly due to our sovereign debt/gdp measure from a much lower debt base ie. more potential to keep pilling on debt by Scomo to prop up programs to mitigate a RE meltdown. MMT is now the firm believe to replace Keynesian with real jobless in Oz rising to recession levels with no end since we have shipped out manufacturing so there isn't a fallback to absorb excess labor skills. Sure we have a new generation of job skill potentials but reskilling is always lagging.

TA-wise, I can see the bottom reversal in this sector nut it will take time, time ahead has so many volatility traps from outside our shores with trade fight, politics of blame, vaccine discovery, trade sanctions etc. Not the best time to be looking through so many hurdles. Each of us has different objectives but there are 2 rules I follow these days of uncertainty:

1. Don't lose capital
2. Always follow rule 1

Good luck to the holders.