Currently Obsessed With...TAGWALK - The fashion search engine


Holy glam Batman!

Google and fashion have had a baby and we couldn’t be happier. Remember how you felt when you discovered Uber, Instacart or Postmates? This is how we’re feelin’ right now. Tagwalk is the world’s first fashion search engine and it works like how it sounds. You select a city (New York, London, Paris, or Milan of course), a season, a designer (or select “all designers”) and an article of fashion and voila – all of the Spring/Summer 2018 dresses from all designers in NY Fashion Week are on your screen. It’s literally magic and we can’t get enough. Literally. Started by girl boss, Alexandra Van Houtte, Tagwalk aims to be the Google of the fashion world.

Tagwalk is currently a privately held company.

Things are getting real...

Stocks ended the week on a high note despite the fact that trade tariffs aren’t a viral Facebook rumor anymore, they are now in fact a real thing. To add to the good news, we’re getting the warm and fuzzies about recent numbers. The way we felt when we heard Drake’s "Scorpion" just became the first album to hit 1 billion streams in one week, is basically how we felt when we read June’s employment report.

Let’s pull back the curtain and take a closer look back stage.



The big kids on the block are back at the trade drama like 50 Cent trying to stage a comeback…just stop! The U.S. officially took things to another level as they imposed $34 billion worth of tariffs on imports from China on Friday. China fired back, blocking the U.S. on Facebook , Snapchat and Instagram as it placed tariffs of basically the same amount on U.S. imports including soybeans, air planes and cars. Again, this $34 billion is only a small percentage (less than two tenths) of the U.S. GDP (Gross Domestic Product – the total value of goods and services produced in a country in one year) Even by adding the additional $200 billion in goods that the Trump administration has announced it would consider, it would still only represent roughly 1% of GDP. However, if China and the U.S. really got into an all-out, knock down drag out trade war, the collateral damage could be nuts and threaten the longevity of the good feels we've been experiencing from the stock market. We think that most of the back and forth are tactics and eventually the heads of the two families will have an actual sit down.

The June employment report was delivered in a little blue box with a white bow. You can probably guess how we feel about little blue boxes...basically the same way we feel about large brown bags...and Jay-Z. The U.S. economy added an impressive 213,000 jobs last month bringing the total number of jobs created to 1.3 million year-to-date. Not bad. The unemployment rate rose to 4.0%, which was up slightly from the previous reading. However, that reading was the lowest since 1969 so we’re still good. The increase might be a good thing because it was due to workers returning into the labor force, which could be a result of strong job prospects and rising wages. Speaking of wages, they rose by 2.7% over the past year, improving from the 2.4% average of the past four years. Like Cardi B’s breaking year, we see you June employment report.

PBDs (Pretty Big Deals)

  • The White House is working on a bill that would allow 45 to work around the WTO (World Trade Organization that regulates global trade) and hike tariffs up like the day after a 4th of July Bloomingdale’s sale.

  • Macy’s plans 60 new Bluemercury stores in 2019 – The cosmetic brand was acquired by Macy’ in 2015 for $210 million. With a 2,700-square-foot flagship store in the Hilton Hotel in Manhattan, equipped with a spa and an artificial intelligence mirror that can scan and order items for delivery, Macy’s is competing big time with rivals Ulta and LVMH’s Sephora. Macy’s stock is up about 50% this year.

  • Tesla (TSLA) – the company has reportedly gotten its “ish” together and hit its manufacturing goal for Model 3 production in the final week of the second quarter.

  • BMW and Hyundai warn they could be forced to cut jobs in the US if Washington imposes tariffs on auto imports.

The Lux List

  • Michael Kors bounced back after an initial negative reaction to the company’s outlook for 2019 last month. Since then, they have taken a more “glass half full” outlook and the company also held a presentation for investors. The stock is up 16 percent this month.

  • Ferragamo’s shares tumbled after the luxury group’s controlling family sold a 3.5 percent stake at a huge discount. The timing of the sale was not a good look as the company doesn’t currently have a CEO. The stock ended the month just over 15 percent down.

  • Prada’s share price had an epic fail caused by trade drama. Prada is one of the few lux listers listed Asian exchanges (basically stores that buy and sell stock) but with headquarters in Europe. The share of stock lost 12 percent in June.

  • Hermès’ has become a big deal and gained entry into the CAC 40 (a French stock market index reppin’ 40 of the heaviest hitters on the Euronext Paris (A Paris stock exchange)). However, rollin with the bosses may be a bit much for the newly initiated Hermès. The stock is down 13 percent this month.


Squad Goals

We Ask and Our Squad Answers
Our squad is comprised of ten Wall Street experts from the top asset management firms. Each week we ask them a question, and they poll in!

Do you think we are at the top of the market expansion?
Our entire squad says no, this is not the beginning of a trade war with China.

Agree with the squad? Tell us on Twitter #SavvySquadPoll

Weekly Moves

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Heads Up

  • Stay tuned for the next few weeks as we glamsplain' our way through Q2 earnings.

Marlon Bovell