Elizabeth O’Brien of Barron’s discusses the outlook for luxury stocks, suggesting that these equities are expected to "course correct" after a period of volatility. This indicates potential adjustments in their valuations as market conditions change.
Negative
Investors may find opportunities in luxury market ETFs as adjustments occur, although specific luxury brands should be scrutinized for their resilience.
American Social owner Rick Mijares says thousands are without power and many residents remain displaced in the aftermath of Hurrica
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