CBA rallied yesterday and although no banks managed to close up on the day they did close well off their lows. The banks have looked relatively firm over recent weeks as “3 of the big 4” are set to trade ex-dividend in November, we are now entering the sector’s strongest period from a seasonal perspective.
- We are still considering National Australia Bank (NAB) as an addition to our Flagship Growth Portfolio.
MM remains long and bullish CBA into Christmas
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