WZR Charts, page-4617

Banks have all been up over the last week or 2 but for some reason WZR still stuck in the doldrums. Can’t figure it out personally but happy to keep buying more at these levels. Wonder how the loan originations are tracking this quarter with sentiment picking up and the Victorian economy opening back up for hospitality, retail, personal care etc. These industries would employ a reasonable chunk of the borrowers looking for personal loan finance. Even if they write $60mil a quarter for the next 3 years that’s a $720mil book and requires 0 growth from where they are now