There’s a lot of talk about the disparity between the rich and the middle class. Here’s a nice way to visualise the disparity between the “super rich” and the rich (or merely the well off).
It compares, since last December, some high-end luxury names (Sotheby’s and and Saks) and more aspirational names (Coach and Ralph Lauren). As you can see, the the real high end is doing fantastic. The less-so high end is doing good, but not nearly so hot.
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