Profit expectations in the luxury goods industry are "overly optimistic"! Several major banks turned bearish collectively within a month, and luxury stocks are heading for their worst year since 2008.

Profit expectations in the luxury goods industry are "overly optimistic"! Several major banks turned bearish collectively within a month, and luxury stocks are heading for their worst year since 2008.

智通财经2026/09/22 11:36

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According to Smart Finance APP, analysts at Royal Bank of Canada (RBC) stated that, given the weakening demand environment and purchasing trends, market expectations for the earnings of European luxury goods manufacturers are overly optimistic.

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Profit expectations in the luxury goods industry are "overly optimistic"! Several major banks turned bearish collectively within a month, and luxury stocks are heading for their worst year since 2008.

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