Closing Price — Luxury Equities & Alternative Asset Signals
by ALT/FNDATA · 25 episodes
BusinessNews
Closing Price reads the signal where luxury equities meet the alternative-asset markets underneath them. Each market day, with a deeper week-in-review every Friday, host Sharon Obuobi tracks the listed companies behind the world's great luxury brands and auction houses — LVMH, Hermès, Richemont, Ferrari, and the major houses — against ALT/FNDATA's proprietary resale and auction data across watches, jewelry, fine art, handbags, and collector cars. The edge is the divergence between where the stocks trade and where end-demand actually sits. For investors and analysts who want the demand behind the price, not just the ticker. Learn more and access the data...
Latest episodes
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7 min
The Week the Retailer Told the Truth: Watches of Switzerland Rose by Admitting the Slowdown, While the Diverge…
July 3: The Week the Retailer Told the Truth: Watches of Switzerland Rose by Admitting the Slowdown, While the Divergence HeldThis week, the split we have tracked all quarter held…
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6 min
Luxury Stocks Finally Rally With the Saleroom: LVMH, Hermès and Kering Jump 3%+, Chanel Buys Charvet, and a Re…
July 2: Luxury Stocks Finally Rally With the Saleroom: LVMH, Hermès and Kering Jump 3%+, Chanel Buys Charvet, and a Record TequilaFor the first time in a while, both sides of the d…
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5 min
Same Split, New Quarter: the Luxury Equities Stay Soft, Watches of Switzerland Drops Its £3B Goal, and the Sal…
July 1: Same Split, New Quarter: the Luxury Equities Stay Soft, Watches of Switzerland Drops Its £3B Goal, and the Saleroom Keeps Setting RecordsToday's signal: continuity. The sec…
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5 min
As H1 Ends, the Two Luxury Markets Finish in Opposite Places; Kering Slides While Christie's Paris Jewels Doub…
June 30: As H1 Ends, the Two Luxury Markets Finish in Opposite Places; Kering Slides While Christie's Paris Jewels Double Their EstimateTonight, the first half of the year closes w…
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5 min
On a Risk-On Day, LVMH, Hermès and Kering Slipped While the Nasdaq Jumped; the Demand Signal Is in the Resale…
June 29: On a Risk-On Day, LVMH, Hermès and Kering Slipped While the Nasdaq Jumped; the Demand Signal Is in the Resale Saleroom with New HighsThe two forces that drove last week's…
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5 min
5 Days, 1 Lesson: the Selloff Was Macro, Not Demand; the Watch Retailers Turn; Pandora's Standout Run; the AI…
June 26: Five Days, One Lesson: the Selloff Was Macro, Not Demand; the Watch Retailers Turn; Pandora's Standout Run; the AI Rout May Be EndingThis was the week our central thesis g…
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5 min
European Luxury Rises as Tech Falls a Fourth Day; Watches of Switzerland Snaps a 3-Day Slide; the Resale Ancho…
June 25: European Luxury Rises as Tech Falls a Fourth Day; Watches of Switzerland Snaps a 3-Day Slide; the Resale Anchor HoldsLast night we asked whether the luxury bounce would br…
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5 min
The Luxury De-Rate Finds a Floor; Richemont +4% and Pandora +6% as Tech Routs Again; Watch Retailers the Lone…
June 24: The Luxury De-Rate Finds a Floor; Richemont +4% and Pandora +6% as Tech Routs Again; Watch Retailers the Lone HoldoutAfter two days of falling with the macro, the luxury e…
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5 min
Watch and Jewelry Retailers Sink on a Fed-Hike Scare; the Resale Market Holds at Its Highs; Tapestry +5% as Ca…
June 23: Watch and Jewelry Retailers Sink on a Fed-Hike Scare; the Resale Market Holds at Its Highs; Tapestry +5% as Capri −6%Today's signal: the listed watch and jewelry retailers…
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8 min
European Luxury Sells Off; Hermès Falls 6% and LVMH 3.6%; Auction Demand Holds at the Highs
June 22: European Luxury Sells Off; Hermès Falls 6% and LVMH 3.6%; Auction Demand Holds at the HighsToday's signal: a sharp divergence. The broad US market rallied on progress in t…
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4 min
Luxury Equities De-Rate on Rates While Auction Demand Holds at the Highs
June 19: This Week's Signal — Luxury Equities De-Rate on Rates While Auction Demand Holds at the HighsListed luxury repriced lower this week on macro, while the secondary market un…
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7 min
Stocks Rebound but Gold and Silver Get Routed; Luxury Bounces Back; a $36M Pearl on Rarity vs the Spot Price
June 18: Stocks Rebound but Gold and Silver Get Routed; Luxury Bounces Back; a $36M Pearl on Rarity vs the Spot PriceA two-sided day as stocks rebounded and luxury shares bounced b…
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5 min
Luxury Stocks Fall Worldwide as the Rally Pauses; Gold Breaks Its Record Streak; the Auction Market Holds Firm
June 17: Luxury Stocks Fall Worldwide as the Rally Pauses; Gold Breaks Its Record Streak; the Auction Market Holds FirmAfter a run of records, luxury stocks fell on both sides of t…
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5 min
US Luxury Stocks Fall While Europe Climbs; Gold Sets Another Record; Watch Auctions Boom and Watch Stocks Stal…
June 16: US Luxury Stocks Fall While Europe Climbs; Gold Sets Another Record; Watch Auctions Boom and Watch Stocks StallEuropean luxury rose while every US-listed luxury name fell,…
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6 min
Watch Auctions Set Records but Watch Stocks Fall; Gold Hits a New High as Luxury Fades; Ferrari Up 4%
June 15: Watch Auctions Set Records but Watch Stocks Fall; Gold Hits a New High as Luxury Fades; Ferrari Up 4%A US–Iran peace deal sent markets rallying, but luxury stocks gave bac…
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4 min
European Luxury Surges on the Iran Deal; Gold and Silver Rally; Ferrari and US Names Pull Back
June 12: European Luxury Surges on the Iran Deal; Gold and Silver Rally; US Names Pull BackEuropean luxury surged on hopes of a US–Iran peace deal, gold and silver rallied hard, Ro…
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5 min
Hugo Boss Surges 9% on the Frasers Bid; Luxury Rebounds After Wall Street's Worst Day; Ferrari Bounces Back
June 11: Hugo Boss Surges 9% on the Frasers Bid; Luxury Rebounds After Wall Street's Worst Day; Ferrari Bounces BackA broad relief rally, one day after Wall Street's worst session…
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7 min
Gold Falls Nearly 4%; Frasers Bids $3.1B for Hugo Boss; Ferrari Struggles as Its China EV Stumbles
June 10: Gold Falls Nearly 4%; Frasers Bids $3.1B for Hugo Boss; Ferrari Struggles as Its China EV StumblesA sharp selloff in gold, a mixed close for the luxury names, Ferrari the…
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6 min
European Luxury Closes Higher, Watch Retail Lower; Signet Gains After Its Buyback, Gold Slips
June 9: European Luxury Closes Higher, Watch Retail Lower; Signet Gains After Its Buyback, Gold SlipsEuropean luxury closed higher and the watch retailers closed lower. Signet gain…
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5 min
Luxury Opens Lower; Signet Buys Back, Ferrari Holds, Three Watch Launches
June 8: Luxury Market Opens Lower; Signet Announces $50M Buyback, Ferrari Holds Premium, Three Watch Brands Launch Products. Luxury equities opened the week broadly lower on a shak…