nailed it, yes agreed and this has been since GFC. All that money that was put through banks, they distributed under div and not passed to economy, one way or other.
Like all the major banks knew that there is rate cut coming and therefore they all at least most of those banks put their rates up and now when RBA rate cut, they put it dow. All good as people thinks that those banks put passed full rate cut are good banks and shares gone up, not realizing that they put the rates up before the rate cut............
And SPI is at 66 points premium........... I had a short order for opening gap on ES but closed with small profit as it was bouncing from 2880. Made small profit but still profit.
Where is sell in May has gone, did not happen last year ............
(20min delay)