The bull market in luxury stocks continued into Monday with every stock in the FSW High Frequency Luxury Monitor All Luxury Index finishing up on a day with some break taking price appreciation: Dior up over 12%, Moncler 9.4%, Kering 6.6%, Cucinelli 6.3%, and Richemont 6.2%. There was no major announcements on the day and this reflects a carry on from a change in investor sentiment over LVMH’s strong 2023 report last week.
As the below shoes, our All Luxury Index is now about a percentage point up on the S&P 500 for the year.