FNArena’s Weekly Insights – June 14 2022
In this week’s Weekly Insights:
By Rudi Filapek-Vandyck, Editor FNArena
This week I find myself wedged in between a public holiday and two presentations on consecutive days (see further below). As a result, I am limiting Weekly Insights to Conviction Calls.
Equally important, the negative start to the week does not change the broader picture of what is going on for global financial markets. If anything, it makes my writings over the past five months ever more apposite.
One in particular to keep in mind is:
Double Your Protection: https://www.fnarena.com/index.php/2022/03/17/rudis-view-double-your-protection/ (written and published in mid-March)
The story above was later on re-published via Livewiremarkets under the title Beware The Big Bad Bear and has proved highly popular with the investor audience on that platform.
“We can’t think of a time in the past 15 years when the consumer macro-outlook has looked more challenging. Consumers face a cocktail of higher costs, i.e., borrowing, petrol, food, energy, insurance, which is not being offset by higher wage growth, while asset prices (equity and real estate) are falling.”
With these words retailing analysts at Jarden opened their most recent sector update this week. Jarden is not the first to start downgrading forecasts for Australia’s consumer-oriented companies and others will surely follow in the days and weeks ahead.