Conflicting reports over the future of the watch market

[Srct]

Still can’t buy at retail with anything like a reasonable wait so while the market may be softening it’s just moving from very silly to just silly

[Rickkk]

Originally Posted by Srct

Still can’t buy at retail with anything like a reasonable wait so while the market may be softening it’s just moving from very silly to just silly

Steel Daytonas at 25k+ are a laugh! I have both and neither should be over 20!

[Michael T]

The correction continues. I have been on the list for a certain sports car for 13 months. I contacted my salesperson last week, he indicated their cancellation rate on their list was 60% last month. The economy continues to contract and I would expect the watch market will be no different. Higher interest rates will continue to be adverse to the economy and the Federal Reserve raised it projection for peak fed funds rate.

[*M5]

Originally Posted by Michael T

The correction continues. I have been on the list for a certain sports car for 13 months. I contacted my salesperson last week, he indicated their cancellation rate on their list was 60% last month. The economy continues to contract and I would expect the watch market will be no different. Higher interest rates will continue to be adverse to the economy and the Federal Reserve raised it projection for peak fed funds rate.

'Higher interest rates will continue to be adverse to the economy and the Federal Reserve raised it projection for peak fed funds rate.'

I'm sorry but what does this mean? Read it several times.

Sent from my Pixel 7 using Tapatalk

[atxwatch]

Originally Posted by *M5

'Higher interest rates will continue to be adverse to the economy and the Federal Reserve raised it projection for peak fed funds rate.'

I'm sorry but what does this mean? Read it several times.

Sent from my Pixel 7 using Tapatalk

It means that increasing interest rates pour cold water on the economy because it makes the cost of capital higher, reduces VC funding, deflates asset prices etc. And the FED raising their peak funds rate forecast means they are now more determined to move the rate even higher than originally forecasted...which will make the proverbial cold water even colder.

[Vince_76]

Originally Posted by Michael T

The correction continues. I have been on the list for a certain sports car for 13 months. I contacted my salesperson last week, he indicated their cancellation rate on their list was 60% last month. The economy continues to contract and I would expect the watch market will be no different. Higher interest rates will continue to be adverse to the economy and the Federal Reserve raised it projection for peak fed funds rate.

This. The drop isn’t ending anytime soon.

[MangoTree1]

Originally Posted by atxwatch

It means that increasing interest rates pour cold water on the economy because it makes the cost of capital higher, reduces VC funding, deflates asset prices etc. And the FED raising their peak funds rate forecast means they are now more determined to move the rate even higher than originally forecasted...which will make the proverbial cold water even colder.

Talk hawkish, act dovish - nothing else the FED can do without killing the economy! I call it BlaBla or even better - trapped in the reality!

[Rolexatlast]

Originally Posted by Madison1

Large grey market dealer believes the Rolex CPO will boost second hand sales and prices will rise

Man selling expensive stuff says it’s a good investment as values are going up