Tag Archives: Auto Sales

  • News

    Full Employment, All’s Fair in Love and War

    Weekly Market Commentary November 5 2021
    by davefairtex

    Sunday, November 7, 2021, 7:42 PM

    23

    This week’s economic data: Payrolls: +531k headline, reasonably positive Auto/Light Truck Sales: +5.96% m/m, -26.3% y/y; heavy truck sales +9.025 m/m. Slight recovery. Wolf goes into more detail about the payrolls numbers. My summary: https://wolfstreet.com/2021/11/05/jobs-data-shows-something-big-changed-in-this-monstrously-overstimulated-economy/ Consumer spending surpassed its pre-pandemic record in Q1 2021 Private investment in buildings, equipment, and the like started setting new…

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  • News

    Recession-flation, Anti-War Ballads

    Weekly Market Commentary 29 October 2021
    by davefairtex

    Sunday, October 31, 2021, 4:00 PM

    21

    We saw some negative economic data this week: Auto/light truck sales: -6.8% m/m, -33.9% y/y. Auto sales continue to plunge. “Shortages”. The drop in auto sales is nothing short of spectacular: peak of 18m in early 2021, currently at 12m. GDP: +1.87% q/q, +8.78% y/y. That sounds good, but the expectation was for a vastly…

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