Retail Stocks Suffer as RBA Rate Hikes Continue
Regal Partners investment director Charlie Aitken is cautioning investors against diving into ASX retail stocks, citing a plunge of 22.1% in the past year.
The S&P/ASX 200 consumer discretionary index has been hit hard by the Reserve Bank of Australia's aggressive rate-lifting cycle to combat inflation.
Only the local tech sector fared worse, down 44.4% over the same period.