Luxury consumers set to weather market storm - Pictet

She says investors have been piling out of consumer stocks but there are still opportunities to be found in luxury goods companies. The reporting season has also proved positive so far, particularly for European companies focused on the very top end products which have produced solid results. “We started to see some signs of the slowdown last summer but when the economy slows down it is necessary to focus on the very high end consumers as they are much more resilient than the others,” Reyl says. “High net worth consumers will continue to spend more than the average consumer.” This app...