Daily new COVID-19 cases continue an upward trend that is producing records. We are likely to see a new record of 100,000 daily cases soon. The third quarter saw a historic rebound in economic growth, but the economy is still in a recession with a level of decline worse than the average recession. The stock … Continued
My team and I have been relentlessly following the economy and the auto industry throughout this year, providing weekly video updates and useful analysis to help shed light on what’s happening in the market. Through the ongoing pandemic, we carefully tracked the fast decline in auto sales and have been measuring the faster than expected … Continued
Daily new COVID-19 cases continue an upward trend. As the month closes, we are seeing a new record set in daily cases, hitting the milestone of 80,000 a day over the weekend. In economic news, housing construction and home sales are the bright spots. Unemployment stands at record levels. Used-vehicle sales are slowing. Housing strong: … Continued
Daily new COVID-19 cases continue an upward trend. The growth continues to accelerate and is creating higher hospitalizations as well. In terms of economic impact, overall inflation remains subdued while retail sales were stronger than expected Inflation in check: Headline and core inflation increased again in September but at a slower rate than in August, … Continued
The automotive market has been incredibly resilient during this pandemic, but credit is likely to become more challenging in the months ahead, especially as Congress has failed to pass a much-needed additional stimulus package. The Coronavirus Aid, Relief, and Economic Security (CARES) Act pumped trillions of dollars into the economy and provided support for severely … Continued
As the fall progresses, the trends for COVID-19 are worrisome. Daily new COVID-19 cases continue an upward trend. The case growth is accelerating and causing higher hospitalizations as well. The impact on the economy continues. Consumer sentiment has been bumpy, the jobs recovery has lost momentum, and the retail vehicle market has softened. The retail … Continued
Daily new COVID-19 cases continue an upward trend with the increases occurring mainly in areas that previously did not have large outbreaks. However, the President and First Lady have tested positive for the virus, which raises attention to the pandemic and raises uncertainty about the election, which is less than a month away. Consumer spending … Continued
Daily new COVID-19 cases stayed on an upward trend primarily due to increases in the Midwest and West. The overall economy appears to have hit a ceiling with the jobs recovering stalling and auto sales struggling. Housing remains the strongest part of the economy. The slowing jobs recovery combined with high and increasing initial jobless … Continued
The number of daily new COVID-19 cases is increasing again, due to lax behavior over the Labor Day holiday weekend, much like we saw after Memorial Day. Momentum in several parts of the economy appears to be stalling. Retail sales barely rise: Retail sales barely increased in aggregate in August, and the gain was assisted … Continued
Today’s Fed announcement was not about current rate levels, which remain near zero, but about expectations for the economy, guidance on rates long term, and elaboration on what it will take to shift away from low rates when the time comes. A key phrase in their announcement was “…the Committee will aim to achieve inflation … Continued
