The market’s infatuation with all that shimmers continued in earnest last week, with gold and silver making new all-time highs. But precious metals aren’t the only shiny assets spurring investors into action. High-end luxury brands have also been racing past their more affordable peers as affluent consumers continue to spend like there’s no tomorrow.
Can this trend continue despite tariffs and the increasingly toxic trade war? Recent earnings from premier companies like Louis Vuitton hint at reasons for optimism, but also caution in the face of an unpredictable economic environment.
