Sales of luxury jewelry, watches and boats at risk as stock market swoons

📆 17/01/2019 5:22 p. m.
📰 CNBC

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The so-called wealth effect — the theory that personal spending follows stocks — has become stronger in recent years as equity holdings have tripled as a share of disposable income.

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Damn Millennials

Sad.

There is much retrenching in China. Emperor Xi has waved his hand and the economy still sucks.

$DKGR 🚀🚀🚀🚀📈📈📈📈

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Profit and sales warnings batter retail stocks, but Lululemon shinesTailored Brands, Ann Taylor parent Ascena and airport retailer Hudson are the latest to revise guidance after holiday sales fall short of expectations.
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