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Feb 12
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WATCH
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Robert Frank
Wealth Editor, CNBC
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Eric Schmidt's office made a notable "outlier" investment in a software platform for "luxury travel and experiences." Even deep-tech focused investors see resilience and growth in the "experience economy," particularly at the high end. This implies a belief that luxury consumer spending on experiences will persist despite macro headwinds. Watch luxury travel and leisure names for resilience. Consumer recession or pullback in discretionary spending. |
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