Data on motor vehicle sales is released at the beginning of every month. It doesn't get a lot of attention. But it's interesting and useful data for investors. First, it's timely, released almost immediately after the end of the month with virtually no lag. Second, it's not manipulated by government statisticians. It's based on actual sales reported by the manufacturers. There's no estimating. There's no seasonal manipulation. And there's no inflation component. It's hard data.
Auto Sales Say Betting On Stocks Today Is A Bad Bet
You need to login to view this content.
David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.