Is RH a Recession-Proof Stock?

Let's figure out if RH (NYSE: RH) fits the definition of an all-weather stock. A recession followed by a drop in the stock market or real estate values would cause the net worth of these folks to fall as well, which could potentially hurt RH's demand as discretionary purchases slow. The pandemic-fueled recession earlier this year was different than a "normal" recession because it was the result of a non-economic shock (the coronavirus pandemic), which ultimately caused most business activity to come to a screeching halt.