Business is booming.

Crypto Wealth Is Minting The Next Generation of Super Spenders


(Bloomberg) — Luxury investors worried about China have elsewhere to look nowadays for new pockets of growth: the U.S.

Part of the outperformance of luxury stocks such as Hermes International this year is due to the strength of U.S. demand for pricey handbags, jewels and designer clothes. It’s not all about post Covid-19 pent-up demand though, according to Jefferies International Ltd.

There’s a surge in asset values, from stocks to real estate and contemporary art, and even more importantly, there’s a significant impact from cryptocurrency wealth that could benefit luxury-goods makers, Jefferies analyst Flavio Cereda wrote in a note on Wednesday, detailing feedback from a recent trip to New York and Florida.

“The U.S. continues to surprise” and the resilience of momentum in the country may help mitigate current China volatility, Cereda wrote.

Crypto and NFTs Bewitched Wall Street: Year in Review

U.S. buyers of luxury today are younger and more affluent than in the past, Cereda wrote. He estimates that local “superspenders” account for $20 billion of the total, which is more that twice that from Europe, though still well below China.

One company that’s set to profit is Louis Vuitton owner LVMH, which Cereda describes as a “structural post-pandemic winner,” with overexposure to North America versus China. Gucci owner Kering SA also is among luxury players that stand to benefit, he wrote.


Source link

  1. fingertips game trending apk for android says

    Someone essentially lend a hand to make significantly posts I’d state.
    That is the very first time I frequented your web page
    and to this point? I amazed with the analysis you made to make this particular publish amazing.
    Magnificent job!

  2. jobs in zimbabwe 2022 says

    I’m not that much of a internet reader to be honest but your sites really nice, keep it up!

    I’ll go ahead and bookmark your site to come back down the road.
    All the best

  3. 정품 비아그라 구입 says

    Unquestionably believe that that you stated. Your favorite justification seemed to be at the internet the easiest thing to take into accout of.
    I say to you, I definitely get annoyed whilst people think about issues that they just do not realize about.
    You controlled to hit the nail upon the top and also outlined out the entire
    thing with no need side-effects , other people can take a signal.

    Will probably be again to get more. Thank you

  4. slot receh says

    Wow, this article is good, my sister is analyzing these kinds of things, so I am going to let know her.

  5. mua giong dan huong says

    Fantastic items from you, man. I have be aware your stuff prior to and you are simply extremely magnificent.

    I really like what you’ve bought right here, certainly like what
    you’re stating and the way through which you are saying it.
    You are making it entertaining and you still care for to keep it wise.
    I cant wait to learn far more from you. That is
    really a great web site.

  6. giong dan huong says

    Peculiar article, just what I wanted to find.

Leave A Reply

Your email address will not be published.