> My guess also is during a mild recession luxury goods tend to hold up. Not sure about this. Luxury goods stocks are famously cyclical, and tends to be someth

> My guess also is during a mild recession luxury goods tend to hold up. Not sure about this. Luxury goods stocks are famously cyclical, and tends to be something people drop quickly if they cannot afford during business downturns, as other more vital purchases takes preference. At least compared to stocks for big general stores etc.