The other members of the illustrious large banking club are all painting a fairly similar picture, the uptrend is maturing but MM is a far happier buyer of pullbacks as opposed to a seller of strength. Another example of time to be patient, history tells us there will be a period in 2021 when short-term investors sell the banks fairly aggressively, this is when MM may increase our exposure with WBC an option to supplement our existing CBA & NAB positions in the MM Growth Portfolio.
MM likes WBC into weakness
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