#housing #automobiles #consumers #recovery $DIA $SPY $QQQ $RUTX $VXX Clearly, record low interest rates has helped revive the US markets for housing and autos standouts in the economy as it gains traction. Sales of new homes in June ran at their fastest pace in 13 yrs, leaving builders and the construction workers they employ with […]
$GM, $USO US factory production rebounded by more than forecast in November and rose excluding a surge in auto production following the end of the General Motors (NYSE:GM) strike, in a sign of stabilization in manufacturing. The 1.1% increase in manufacturing output, the biggest gain since early 2018, followed a 0.7% decrease in October, Federal Reserve […]
President Trump said the United States would not imminently impose new tariffs on autos imported from Japan as the largest and 3rd-largest economies continue negotiations to firm up a preliminary trade agreement. At a press conference during a G-7 Summit in Biarritz, France, President Trump was asked if he was still considering the levies, which […]
$F, $GM, $FCAU, $TM FLASH: America is open for business. US manufacturing output accelerated in June, climbing for the 2nd month running, thanks in large part to increased production of motor vehicles and parts. The Federal Reserve said Tuesday manufacturing production rose 0.4% last month, above the 0.2% expected by analysts in a poll. The June numbers […]
US retail sales increased more than expected in June, pointing to strong consumer spending. The Key takeaway from the report is that it was a solid report overall The report from the Commerce Department on Tuesday did not change market expectations that the FOMC will cut interest rates this month for the 1 st time in a […]
FLASH: President Trump’s top economic adviser offered sharp criticism of the European Central Bank’s (ECB) revival of stimulus measures to spur the EU’s economy. National Economic Council Director Larry Kudlow said that a ECB decision Thursday to extend a new round of cheap loans to the banking system wouldn’t be enough to fix the continent’s […]
America Leads, the Rest of the World Follows $DIA, $SPY, $QQQ, $RUTX, $VXX Saturday’s truce in the US-China trade dispute put investors in buy mode Monday, driving US stocks due North, extending the market’s gains on last week Key reversal confirmation. The broad rally followed huge US futures gains that triggered overseas markets as investors […]
Huge Tariffs on Chinese Goods Ready Now US President Donald Trump has raised the stakes on the proposition that the world will line up behind the US to take on China over trade. President Trump said Friday that he is willing to slap tariffs on an additional $267-B in Chinese goods, on top of duties […]
The Trump Rally Extends, Autos, Airlines Advance $DIA, $SPY, $QQQ, $VXX US economy growing under US President Trump’s developing economic policies. The major US stock indexes posted record high closes Tuesday, helped by gains in airlines and as carmakers rose after strong September vehicle sales. Major automakers posted higher US new vehicle sales in September […]
US Auto Sales Healthy, but Slowing $DIA, $SPY, $QQQ, $VXX Ford (NYSE:F), Nissan, General Motors (NYSE:GM) and Toyota (NYSE:TM) all reported US sales declines in April,signs that demand for cars, trucks and SUVs is starting to slow after 7 straight years of growth. Ford’s sales fell 7.2%, dragged down by car sales that tumbled over […]
US Factory Activity Dives for 1st Time in 6 Months, Jobs Cut $DIA, $SPY, $QQQ, $VXX US manufacturing contracted in August for the 1st time since February, as new orders and output plummeted and factories cut jobs. The Institute for Supply Management (ISM) says its manufacturing index dropped to 49.4 in August from 52.6 in […]
US Demand for Autos Fall in July $GM, $F, $HMC, $TM, $VLKAY US auto sales drop in July as hot weather and softening demand kept buyers at home. Major automakers have reported July sales that fell short of expectations, which has reinforced worries that the market may have peaked with last year’s record numbers. Kelley Blue […]