Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

“Sleaze” Bank stock sinks with its reputation

David Llewellyn-Smith

Monday 28 August 2017

Jonathon Tepper has a new name for the CBA:

And investors are voting with their wallets, hitting new lows:

The chart still suggests no support right down to $70 and with the politics getting worse who knows? The under-performance is worsening but the whole sector appears increasingly tarnished:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.