Its not an if but a when...majour bankers in the US now have machines on a buy mode for any substantial fall which to me indicates they are looking at a filtering of hikes will do thier job.
Comments like last night from JP, Chase and so forth are indicative of that. The more banter of a US recession the better it gets for GMG as they are completely insulated.
When you look back through history it is usually an 8 month to 13 month offset from the beginning of normalising.
Also a bear market at a mid point in which historically we are now, money will move from sidelines to recession proof & currency proofing growth orientated stocks.
I believe GMG is one of those stocks more so than CSL on price metrics. Increase the yield and you have an incremental slo buying mechanism in place for a SP.
Ann: Full Year Results Presentation, page-61
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Last
$33.20 |
Change
0.010(0.03%) |
Mkt cap ! $63.46B | |||
| Open | High | Low | Value | Volume |
| $33.50 | $33.84 | $33.20 | $87.92M | 2.631M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30 | $33.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.25 | 3471 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| GMG (ASX) Chart |