would have thought the very low increase in US non-farm payrolls and the pressures off QE reduction would have been good for our banks.. normally if QE is on the banks go up. not so today.
NAB and CBA's drop today takes them just below my newly created tailored to each stock trading band ie a sell signal.
but I will hold for today's - reason - ABS release today - issue of new mortgages is up again for november, and mainly for new homes.
