‘Peak pessimism’ for retail stocks lures investors back in

Investors are starting to buy back into beaten-up retail stocks, tempted by significantly cheaper valuations after soaring oil prices and higher interest rates triggered a brutal rout in the first half of the year.

Consumer discretionary stocks on the S&P/ASX 200 Index were one of just four of the sharemarket’s 11 sectors to record a positive return in the past month, adding 2.2 per cent, which quadrupled the broader gauge.

Source: https://www.afr.com/markets/equity-markets/peak-pessimism-for-retail-stocks-lures-investors-back-in-20260603-p603dq