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Is the Election a Bigger Risk Than COVID-19 for RH Stock?

DATE POSTED:October 17, 2020

In what has been a chaotic year, no issues seemed to garner more of our attention than the coronavirus pandemic and the upcoming election. These two important events have huge implications for stock market investors.

RH (NYSE: RH), the luxury home furnishings retailer, has been and will continue to be affected in its own distinct way, not least because of who its target customer is. In its most recent annual report, the company mentions how its business is influenced by conditions in financial markets. RH primarily serves affluent consumers, and these are the same people who own stocks and real estate.

Changes in asset prices can alter the confidence of high-end furniture shoppers. Keep this in mind as we assess whether or not what happens on Nov. 3 is more of a risk for RH stock than COVID-19.

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