Consumer discretionary thrives in a burgeoning economy. Rate cuts are probably end of year. When these fed rates start cutting more investors will bring sideline money into market into consumdiscret. Here we have a company thats truly awful at befriending customers, granted. But still has a wide moat and brand recognition next to that of apple and mcdonalds. Its a lower income status symbol.
Covid brought similar fear to investors. Belt tightened to 60$. By end of 21 is was 120$
I think this is about 2-3 year hold. With my expectation at a conservative 75% increase by 2026.
I would love to hear yalls thoughts!
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