In looking at it it hit its high point sometime in June of 2014 and it has been relatively steady in the high 1900 - very low 2000 range for the last bit.
It seems to me, given the nature of this index, that if the luxury goods are not advancing then, perhaps, it might be an early indicator of a coming down turn.
The top ten positions by weight are:
Daimler AG DAI Consumer Discretionary Diageo Plc DGE Consumer Staples LVMH-Moet Vuitton MC Consumer Discretionary NIKE Inc B NKE Consumer Discretionary Richemont, Cie Financiere A Br CFR Consumer Discretionary Bayer Motoren Werke AG (BMW) BMW Consumer Discretionary Tesla Motors Inc TSLA Consumer Discretionary Carnival Corp CCL Consumer Discretionary Pernod-Ricard RI Consumer Staples Las Vegas Sands LVS Consumer Discretionary
If the wealthy aren't spend all that much perhaps they've been advice that the bull market is getting long in the tooth so they should watch their spending. Does this make any sense?
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