Tiffany & Co. Earnings Show Economy Stinks For All But 1%ers

Tiffany & Co. (NYSE:TIF) reported blockbuster earnings that smashed expectations. In the last few days, many other retailers have also reported earnings that were ugly. So why the divergence? Why is Tiffany & Co. doing so well while retailers like Target Corporation (NYSE:TGT) are doing so poorly? The answer is simple. This shows the growing divide between the rich and poor as the middle class is vanishing. High end retailers like Tiffany & Co. are doing well while any retailer that targets the middle class or poor is doing horribly. Expect this trend to continue in the near term as the middle class and poor are saddled with debt and low paying jobs. Tiffany & Co. will most likely continue to perform well.

Gareth Soloway

InTheMoneyStocks