Prices Re-Tethering To Income
Source: SeekingAlpha
2025-05-29 12:26:00 ET
Summary
- Ultra-luxury goods are often regarded as recession-proof, with steady demand regardless of the state of the economy. But that’s not what is happening.
- With excess inventory building in many sectors, cheaper options are taking market share from rivals that consumers now consider overpriced.
- As with unaffordable homes, cars and motor homes, ‘greedflation’ is coming back to bite in the form of weaker demand.
Ultra-luxury goods are often regarded as recession-proof, with steady demand regardless of the state of the economy. But that’s not what is happening....
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Prices Re-Tethering To Income
KraneShares Global Luxury Index ETF
NASDAQ: KLXY
KLXY Trading
-2.0% G/L:
$25.9001 Last:
447 Volume:
$26.43 Open:
