We are hosting a Flash Call at 2PM TODAY as we walk through our thesis on European slowdown risk and how it will impact CCL/RCL.
- 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