Is the luxury bubble over?

LVMH’s revenue growth has slowed dramatically in the last quarter, a signal some are marking as the end of the global luxury bubble. Global growth investors may cycle into US Big Tech as a result, DataTrek said in a Tweet. “Today’s news that LVMH’s revenue growth has slowed dramatically likely marks the end of a global luxury bubble” DataTrek cofounder Nicholas Colas said in a note last week. “LVMH is a very well-managed business, and investors have gotten used to seeing it post strong double-digit top line increases.”