Luxury stocks fizzle as China recovery fades, helping Elon Musk top rich list again
A Big Tech-like rush into luxury stocks is fast falling out of favor. China got the credit for driving the sector’s rally, and now the blame for the pullback. Red flags that pricey luxury shares have hit a peak are piling up as conviction on the China reopening trade takes a hit.…
bubmagJune 4, 2023