Chanticleer How Black Friday really works, investing ideas from world's biggest banks & CEO's election fears
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Nov 29, 2024 The hosts dive into the secrets behind Black Friday and its retail strategies, revealing how retailers prepare throughout the year. They explore the impact of economic factors on interest rates and political dynamics ahead of Australia's federal election. Tech giants are analyzed for their significant contribution to market growth, while investment trends highlight the rising prominence of data centers. Superannuation funds are discussed for their crucial role in influencing bank share prices, shedding light on the interconnectedness of these financial sectors.
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Black Friday Planning
- Retailers plan Black Friday deals 12 months in advance, strategically choosing discounted items.
- They've improved stock management since the pandemic, avoiding excess unwanted inventory.
Inflation and Rate Cuts
- Headline inflation is below 3%, but core inflation remains high, delaying potential rate cuts.
- Economists predict a rate cut around May 2024, after 18 months at 4.35%.
Dutton's Rising Electability
- CEOs are discussing Australian politics, with Peter Dutton's electability now considered higher.
- Factors include Trump's win, Queensland election results, and perceived weaknesses in the current government.