Trimmed Mean Inflation for the December quarter came in at 0.5% (massively below the RBA forecast of 0.7%) Currently Trimmed Mean Monthly Inflation in December 2024 is at 2.7% well within the RBA 2-3% target band.
UBS, WESTPAC, NAB, CITI etc off the back of this have now all upgraded their forecast for the RBA to cut interest rates at their 17-18 February meeting (Meaning all four big banks now expect the RBA to cut in February).
The Financial review has also now stated that it is a forgone conclusion for interest rates to be cut in February .Accordingly SWM has today started its next run up in price. As mentioned before interest rates getting cut in February, results in the ad market turnaround which results in SWM delivering multi-bagger returns from these EXTREMELY cheap levels of 15 cents a share.
SWM Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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