CBA is clearly bullish after making fresh all-time highs yesterday, we can see some rotation between $95 and $100 over the coming weeks but MM sees no reason not to be long, the “easy” money may be in the rear view mirror but a forecasted yield above 3% which is growing plus the strong chance of additional capital management we would expect to see plenty of buyers surface into any future dips. Remember, banks are a leveraged play on an improving economy and right now, they clearly have tailwinds.
MM remains bullish CBA
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