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IYC / IYC: Lack Of Consumer Trepidation Signals Soft Landing

IYC: Lack Of Consumer Trepidation Signals Soft Landing
The reality is that consumers aren't stupid, and can forecast their budgets reasonably well in the face of rate hikes. With continued strength in consumer discretionary, it looks like sentiment remains strong for the economy, which is a self-fulfilling prophecy. The problem is paying a 26x P/E for discretionary when we are still in a tighter environment in terms of the standard set by risk-free rate for investments. Pass. Read More
Posted: Jul 27 2023, 09:30
Author Name: Seeking Alpha
Views: 092182

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