@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...
@Drswing and @cobrakai1984,The market is betting on lower...
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Last
$115.23 |
Change
0.230(0.20%) |
Mkt cap ! $192.8B | |||
| Open | High | Low | Value | Volume |
| $115.76 | $115.76 | $114.74 | $139.6M | 1.212M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10 | $115.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $115.25 | 105 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$115.15 |
Change
0.230 ( 0.07 %) |
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| Open | High | Low | Volume | ||
| $115.54 | $115.73 | $114.75 | 327116 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CBA (ASX) Chart |