Marcus Take Tuesday
The lower-than-expected CPI number last week suggests a good chance that the RBA will pause rates, but almost all the strategists are saying the same thing, inflation is too high, and even if they do pause now, they will have to raise rates twice if not three times more. If they do pause, I think it’ll be good for the market, whatever the strategists are saying. And hopefully, it will extend this consumer discretionary rally for us. We have three retailers in our IDEAS PORTFOLIO.