Trophy Wife signals likely stock price rise
Jim Cramer may have his “Trading Goddess.” But Rocky Humbert has his Trophy Wife. And when Trophy Wife speaks, Rocky Humbert always listens.
Trophy Wife (not to be confused with Entrophy Wife) is a Mistress of the Universe in her own right. She is also an astute observer of consumer behavior, fashion, and whether Rocky’s dirty socks inadvertently remain under their bed. Trophy Wife vehemently states that she cannot predict the stock market. Rocky believes otherwise.
Trophy Wife went shopping at a large Premium Outlet Mall on Sunday, and observed unusually high traffic and sales. In particular, Trophy Wife noted shoppers aggressively buying at Oscar de la Renta, Burberry, Coach, Gucci, Todds and Tory Burch. Trophy Wife said that even Starbucks was booming.
“I saw so many Gucci shopping bags that I thought they must be giving them away,” Trophy Wife reported.
Rocky carefully tracks Trophy Wife’s observations. In past reports of such high activity levels (this rates a “10,”) there has been nearly a 70% probability of higher US stock prices over the subsequent week.
Many factors contribute to stock price movements, but given the current, bearish macro-economic climate, Trophy Wife’s report is especially interesting.
[Disclosure: Rocky does not give investment advice, but he intends to nibble during stock market weakness on Tuesday, based entirely on Trophy Wife’s track record. Rating: Rocky III ]