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Ausbiz – Have discretionary stocks hit a bottom?

Ausbiz – Have discretionary stocks hit a bottom?

In my recent interview with Ausbiz, I discussed the significant impact of rising inflation on renters and mortgage owners, leading to reduced discretionary spending. I provided insights into the macro landscape, noting inflation has risen to 4% and the employee living cost index is at 6.5%. Many retail businesses, such as Cettire (ASX: CTT) and Baby Bunting (ASX: BBN), are experiencing profit declines and multi-year lows in shares. The advertising sector also seems to be struggling as many businesses, including Seven West (ASX: SWM) and Nine Network (ASX:NEC), are also hitting multi-year lows.

You can watch the full interview here: Have discretionary stocks hit a bottom?


Chief Executive Officer of Montgomery Investment Management, David Buckland has over 30 years of industry experience. David is a deeply knowledgeable and highly experienced financial services executive. Prior to joining Montgomery in 2012, David was CEO and Executive Director of Hunter Hall for 11 years, as well as a Director at JP Morgan in Sydney and London for eight years.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.

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