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Trends in The Auto-Industry
The past won't repeat itself in the second half. We need to analyze the complete data, going deeper than the surface. Many of the main numbers are influenced by temporary factors. I don't anticipate another GDP boost in Q3 from the auto sector. Looking at car production plans, they fluctuate monthly and can be impacted by events like strikes. Overall, the automotive platform is expected to remain steady for the rest of the year.
Watch more of this short video from Lacy Hunt: Brace For A Credit Crunch + A "Serious" Recession.
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.
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