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Takeaway: Cruise pricing survey and Macro suggest European winds shifting against RCL and CCL



  • Hedgeye cruise survey points to weakening European pricing
  • Fragile consumer environment in the Eurozone e.g. Germany, Italy, and France projected by Hedgeye Macro team
  • RCL and CCL share appreciation, overly bullish sentiment, and relatively high valuations suggest reaction to negative European pricing pivot could be sharp


Please see our in-depth report HERE.