Concerns over consumer spending in the US triggered this week after Walmart shares dropped almost 20%. Milford Portfolio Manager Mark Riggall talks to Heather du Plessis-Allan about the reasons for investors being disappointed causing the shares to fall, and why there are concerns despite US consumer spending remaining resilient. He discusses patterns that show a change in spending, and how New Zealand consumers are facing the same headwinds.
Milford on Newstalk ZB: 17 May 2023
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