I am expecting the company-specific issues along with interest rate hikes to push this below 100 dollars.
CBA is expecting a terminal interest rate in Australia of around 1.6. That is not bad as I thought but the bond market is pricing much higher rates. I do believe since our economy is so reliant on housing we will not reach interest rate levels close to US terminal rates. However, the housing market is considerably slowing. This has a long way to go.
Most companies have only company or macro issues. REA does have macro and company-specific issues firmly pointing down. Still some multiple contraction could be expected.
REA having a bear market rally?, page-6
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Last
$192.69 |
Change
-1.800(0.93%) |
Mkt cap ! $25.45B | |||
| Open | High | Low | Value | Volume |
| $195.48 | $195.49 | $192.69 | $24.77M | 128.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1499 | $192.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $193.46 | 273 | 1 |
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| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| REA (ASX) Chart |