Where consumers are still spending and what it means for stocks
A global selloff in the bond market overnight has sent yields spiking, just as the oil price leaps above US$100 a barrel. US shares fell and local markets are following this morning. The oil price is a central reason consumers are under pressure, with Australian household spending stalling and Americans getting more selective – and stocks are reacting.
Today's watchlist: JB Hi-Fi, Costco
Check out these stocks: www.moomoo.com/quote
The skinny
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