RE: M&S v JD7 Feb 2025 13:34
There’s pros and cons all over and nobody really knows which way things are going short term. On one hand consumer spending might be hit by employment data and inflation, on the other hand wage increases suggest people have more disposable income than ever. Who knows what Trump will do, or even our own government - to tackle growth. Markets are at an all time high, JD is almost at 5 year lows (including the Covid crash). However so is B&M, and the Greggs chart is also very similar, I’m sure there are many others that for whatever reason have followed this same pattern of big drops in 2020, 2022 and now, following all time highs in 2021 and 2023/4. But things can change very quickly. This was £1.60 on track for record profits 4 months ago. Whilst things have cooled off a bit they haven’t cooled off that much, and you’d argue that any economic uncertainty, unless there is a major recession, are more than priced in on a few of these stocks, including JD. So I’m buying up what I can, and selling the all time high stuff to get in on the cheap stuff.