@Drswing and @cobrakai1984,
The market is betting on lower interest rates moving forward. Expect asset prices to have a tailwind.
Although lower IR is bad news for a banks NIM, their shares are well and truly an asset. That is the mechanism you are seeing right now. Simply saying that this is a bubble, stupid, negligible growth does not add to the rationale on why your sentiment is a sell nor that this move is justified or unjustified. What it does say is you are not looking at the complete picture.
Not a boomer. I'm on the cusp of GenX/Y. Nor does that matter to the CBA price action. Frankly I'm agnostic to the current price action but only up until it hits the price(s) I stated in the my TA posts above...
CBA TA update, page-684
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Last
$131.63 |
Change
-1.030(0.78%) |
Mkt cap ! $220.2B | |||
| Open | High | Low | Value | Volume |
| $130.86 | $131.63 | $130.40 | $504.5M | 4.019M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5713 | $131.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $131.65 | 169 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CBA (ASX) Chart |