The stock market is one thing. But the economy is another. You can wake up tomorrow and see the Dow at 100k. Just look at Venezuela. The best performing stock market since the Financial Crisis. Of course, that’s due to the currency devaluation but it makes a clear point. The economy can be shutting down and the stock market can be soaring. We need to look at real economic indicators in order to understand what’s coming.
US and China are reportedly drawing closer to final trade agreement-FT
https://www.cnbc.com/2019/04/03/us-and-china-are-reportedly-drawing-closer-to-final-trade-agreement-ft.html
Auto Loan Delinquencies Jump To 19-Year High | Bankrate.com
https://www.bankrate.com/loans/auto-loans/auto-loan-delinquencies-rise/
hhdc_2018q4.pdf
https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/hhdc_2018q4.pdf
US Auto Sales March 2019: Drop as Tax Reform Euphoria Wears Off - Bloomberg
https://www.bloomberg.com/news/articles/2019-04-02/hangover-from-tax-euphoria-hits-u-s-car-buyers-as-sales-drop
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New car sales for March 2019: Winners and losers | Autoweek
https://autoweek.com/article/car-news/new-car-sales-march-2019-winners-and-losers
US auto sales sag in the 1st quarter
https://www.france24.com/en/20190402-us-auto-sales-sag-1st-quarter
Lagarde says the global economy has lost momentum since January - BNN Bloomberg
https://www.bnnbloomberg.ca/lagarde-says-the-global-economy-has-lost-momentum-since-january-1.1238342
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well, this is to be expected. The average joe is being absolutely punished by the constant lack.