Just gotta be careful, because a lot of holders have been in since float sub 7 bux in 1991, and alot prolly passed through generation, The dividends are set on autopiilot, and it's been one of the best serving investments since it's inception. CBA is expected to grow it's dividend, and if rates are cut, its likely to keep the price afloat for longer than people would expect. NIM could take a slight hit, but CBA is known to maintain an extremely high quality loan book, they don't take duds. Also, with all the global uncertainty caused by the orange man and his tariffs, its more and more becoming seen as a safe haven. Is the valuations stetched? Probably, but can it go higher? yeah it can.
You gotta keep your eye on the US 10 year yield which is out of control. It's the orange man's mandate to keep this in key, but if he fails to do so, the fed might have to step in, and this means possible firing up those big bad money printers... and we all know what happens then.
Any one going against this trend should think twice before getting caught in a "rip your face off rally" just like the poor souls on Tuesday. "Mystery shorters had to raise their white flag,,," citi was that you??? lol
CBA Price at posting:
$164.72 Sentiment: Hold Disclosure: Held
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