eli5: How markets are still going up but luxury markets, (like travel) seem to be down in the US.
In: Economics
The simple answer is – not as many people have the money to spend on “luxury market” items. If people aren’t buying your product, your stock values go down. And right now, a lot of people are still either unable or unwilling to spend as much as they used to on luxuries like travel. Other markets, though, aren’t having the same issue. People either have to buy it, or are more able/willing to buy those products.
Just because certain markets are going up doesn’t mean they all have to or will. Depends on how much profit they are making
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