From October 30, 2014:
‘Since 2000 the ASX Banking index has outperformed the broader ASX 200 on 79% of occasions in October, largely as a result of dividend payouts that occur in November. While not a perfect relationship, banks underperformed the broader index in 2003, 2010 and 2012, when the banks have outperformed they’ve done it by some margin (average +3.64%), something that may be of interest to trend or spread traders as we head into October.’
Since the low of September 30, including today, the ASX 200 Banks Index is +8.17%. The broader ASX 200 has risen 3.63%. Will be interesting to see whether this widening divergence can be maintained before the NAB reports on October 30.