Blackwattle Investment Partners’ Ray David discusses the best Long and short opportunities currently on the ASX following reporting season.
During the August reporting season, Marvin Gaye’s, and Tammi Terrell’s hit song, Ain’t no Mountain High Enough, echoed in the hearts of many consumers. No mountain of household debt seemed sufficient to dissuade shoppers from reigning in their spending spree. From high-end sneakers flying off the shelves, as reported by Accent Group (AX1), to cheap discount thrills from Kmart (WES), the consumer was out in full force in the June half.
This is despite the surge in living costs and 12 successive increases in the cash rate to 4.1% since April 2022.
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