Can Aussie banks break the bear market?

Advertisement

UBS asks the question today:

Can Banks Break Their Underperformance Trend?

Australian banks have now underperformed the Australian market on a rolling 3 year timeframe and the sectors PE discount to market ex-resources has widened to the most since 2008.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.