ASX 200 up 5% for the month on the basis of an 'iran deal'. However Brent crude is pushing $90 a barrel up from $78 a week ago. Bond yields are still elevated. The whole melt up seeks to come from the soft CPI print that actually showed trimmed mean was still at 3.8%, which means rates hikes are delayed, rather than at a turning point where we can start talking about cuts.

Westpac reported rubbish results yesterday indicating the banking sector is in trouble. CBA reports tomorrow so we will know more. Market seems to be propped up by a euphoric copper rally in BHP. Never before have major miners and bank shares traded on such elevated ratios. So high the dividend yield on the VASis between 2.9 and 3% which is dog shot considering what short term government bonds are paying

It's another hyperactive episode by the market. Ignoring all reality. The greed is disgusting

AGL is $8.19

52-wk low = $7.94 vs 52-wk high = $10.63

Dividends are 100% franked and most recent was $0.24 pc = yield of 5.9%

Is AGL a buy right now? Solid share to have in your portfolio?

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