Overall market sentiment is the driver of SP at the moment. The RBA and a lot of other CBs just realised they now need to take the punchbowl away from the party. Many new to the market will think that the party is over but not really. Those that stick to quality business like CBA will still enjoy accretion and are not the rowdy kind of market players in the first place anyway...
True, it is harder to make it in this environment. Zombie businesses relying on the tide of cheap money to survive regardless of little to no revenue, no cashflow and lots of debt is a big no no from here on out... I dare say there will be some interesting stories in the near future with all these IPOs, SPAC and FinTech companies operating in a high IR environment.
https://www.rba.gov.au/media-releases/2022/mr-22-02.html
Time to buy or wait till cheaper?, page-23
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Last
$131.66 |
Change
1.740(1.34%) |
Mkt cap ! $220.3B | |||
| Open | High | Low | Value | Volume |
| $130.80 | $131.84 | $129.89 | $256.3M | 1.965M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 601 | $131.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $131.66 | 712 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CBA (ASX) Chart |