Last night, Tim was on CNBC Asia talking about China and reiterating that China is not a macro call as much as you are looking for bottom consumption plays.
Brand Finance’s latest Global 500 study of the world’s top brands suggests that, despite the grim economic outlook, consumers are turning their backs on traditional household favorites to embrace luxury lifestyle and indulgent brands.
While we are watching the impact of slowing Chinese growth forecasts on aluminum stocks today, the impact on luxury retail in Chinese cities seems negligible so far. Plus: Boeing and oil prices.
The growing market for luxuries in China, and the rest of Asia, is adding a sparkle to the hardest of hard assets.
Despite rumors that Hong Kong retail investors are nervous about grabbing too many shares of Prada and having to pay Italian taxes, institutional accounts are loving the space.