Bonds smashed again and commodities holding their own - the last few weeks the banks have gone nowhere and our resource stocks have bounced. Given last night's action, expect more of this sector rotation today and in the future as the "wall of worry" around the future sustainability of bank earnings growth and the impact on their earnings of rising interest rates, etc builds.
Regards,
Jaysee
sector rotation
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Last
$39.99 |
Change
0.340(0.86%) |
Mkt cap ! $122.9B | |||
| Open | High | Low | Value | Volume |
| $39.78 | $39.99 | $39.57 | $219.3M | 5.500M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5676 | $39.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.99 | 3430 | 1 |
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| NAB (ASX) Chart |