The Hot drink indicator
Starbucks the leading coffee house is an great indicator to the spending patterns of people.
During the 07/08 crash Starbucks Share price peaked before this. Why would that be? Its because luxury hot drinks Is one of the first items people cut back on when times are tough. I am looking at Starbucks to see if it will peak before this current bull run is over. At the moment its moving sideways and I believe it will let us know when the next bear run is on its way.
During the 07/08 crash Starbucks Share price peaked before this. Why would that be? Its because luxury hot drinks Is one of the first items people cut back on when times are tough. I am looking at Starbucks to see if it will peak before this current bull run is over. At the moment its moving sideways and I believe it will let us know when the next bear run is on its way.
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