Hartnett: Keep selling

Monday 15 June 2026

TME with the note.

Still A Broken Market

Markets bounced, but little has really changed. We remain trapped in a regime defined by extreme volatility, violent rotations and increasingly unstable market structure. The easy part of the bounce appears to be over…

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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.