Risk aversion continues to ramp

Risk aversion continues to ramp

Amazon, Tesla and some other high-flyers are under pressure. Amazon in particularly just fell below the late-April low.

In terms of AUD/USD, it's been a good leading indicator for the broad risk trade and it's now down 1.4% in the second day of selling. It's easily fallen through support at the mid-April high of 0.6445; that's a negative sign.