While rates have a direct impact on low income consumers first, as interest rates have remained high, relative to recent history, they have impacted high end consumers as well. But, with the rate and economic cycles on the mend, these consumers are historically the first to put discretionary funds back to work, and this could be a great time to get a bargain luxury goods stock.
I prefer a company that can perform, and grow, in a challenging climate as well as a thriving economy, and Tapestry (TPR), the owner of Coach and Kate Spade, has continued to grow despite general economic slowing caused by high rates.
