Unless Bank show severe weakness, the XJO will continue to rise because financials and energy have really underpinned XJO strength the past few weeks.
But to play Devil's advocate, an article from yesterday.
Airlie Funds Management portfolio manager Matt Williams warned that banks were set to bear the brunt of the stimulus' removal.
"Banks are the backstop for all this and how this plays out over the rest of the year," he said. "We've got 10 per cent of mortgages on deferral [and] 6 per cent of SME loans on deferral. So ... as some of the stimulus is withdrawn, what's going to happen to the bad and doubtful debt charge?"
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
8,577.4 |
Change
36.300(0.43%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,541.1 | 8,585.6 | 8,541.1 |
| XJO (ASX) Chart |