@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...
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@Drswing and @cobrakai1984,The market is betting on lower...
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Last
$139.60 |
Change
0.350(0.25%) |
Mkt cap ! $233.6B |
Open | High | Low | Value | Volume |
$140.25 | $141.34 | $139.03 | $221.2M | 1.583M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4 | $139.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$139.60 | 4256 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4 | 139.520 |
1 | 5038 | 139.500 |
1 | 5 | 139.460 |
1 | 8 | 139.450 |
2 | 5643 | 139.410 |
Price($) | Vol. | No. |
---|---|---|
139.600 | 4256 | 1 |
139.630 | 1100 | 1 |
139.700 | 1090 | 2 |
139.740 | 5 | 1 |
139.750 | 5 | 1 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
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