A.I.M. Users Bulletin Board

[SFSecurity]

Hi Gang, I came across something I had not heard about before, the S&P Global Luxury Index. It does not seem to have a symbol it can be tracked with but it can be seen at: http://us.spindices.com/indices/equity/sp-global-luxury-index#

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.

The S&P Global Luxury Index is comprised of 80 of the largest publicly-traded companies engaged in the production or distribution of luxury goods or the provision of luxury services that meet specific investibility requirements.

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?

Best,

Allen