Has the ASX 200 peaked?

Chief Investment Officer and founder of Aitken Investment Management
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I am getting genuinely concerned about the outlook for the Australian economy in the second half of this year.

It seems clear that Australian households are starting to tighten the purse strings. We have seen retail sales fall for three consecutive months, which has absolutely nothing to do with the pending arrival of Amazon in Australia.

What appears to be happening is the burden of record household mortgage debt, falling real wages, underemployment, and rising living costs are leaving households with little discretionary spending ability.

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