In this morning’s interview on Ausbiz, I discussed key market trends in anticipation of the upcoming U.S. and Australian reporting seasons. I highlighted the importance of the impending reporting season to support the current market momentum, emphasising the need to closely observe outlook statements and key sectors, such as consumer discretionary companies like JB Hi-Fi (ASX: JBH) and Premier Investments (ASX: PMV). I also addressed the pressures on Australian banks, including Commonwealth Bank (ASX:CBA), noting their significant contributions to market performance but also their current high valuations and need for earnings growth. Lastly, I touched on the resource sector, particularly lithium stocks, and the importance of upcoming production reports in shaping future market directions.

You can watch the full interview here: Ausbiz – The consumer discretionary stocks defying the gloom

The Montgomery Fund and the Montgomery [Private] Fund owns shares in Commonwealth Bank. This article was prepared 11 July 2024 with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade Commonwealth Bank, you should seek financial advice.