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.
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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. |
---|---|---|
$33.25 | 3471 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30 | 33.190 |
1 | 10 | 33.030 |
1 | 462 | 32.960 |
1 | 700 | 32.750 |
2 | 1016 | 32.700 |
Price($) | Vol. | No. |
---|---|---|
33.300 | 135 | 1 |
33.580 | 688 | 1 |
33.640 | 9317 | 1 |
33.760 | 967 | 1 |
33.790 | 3000 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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GMG (ASX) Chart |