As the RBA keeps interest rate choked at a 15 year high of 4.6% & global bond yields are at multi decades high, the easy money playbook is gone.
The market's next round of wealth creation will not belong to the dreamers but to the resilient.
The smart money is now rotating to C: Banking & Energy.
My Top Pick is $COMMONWEALTH BANK OF AUSTRALIA(CBA.AU)$ . It is the undisputed king of Australian retail banking as it holds the dominant share of the domestic home loan market.
With a higher for longer interest rates, CBA is able to leverage its huge retail deposit base to sustain premium net interest margins. CBA is prized by defensive investors for its operational excellence & stable dividends.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
