The US auto market news, that no one wants to hear!: As it was revealed after, US markets didn't do much in Friday's trading session. Weakness in US retail sales is already being felt, from an economic perspective the retail sales data wasn't to healthy. Sales for the month of July were flat, against expectations of a 0.4% gain. Excluding car sales, retail spending dropped 0.3%.
The US car market looks like is betting it will never get to the end of it. There are always reasons for “data-dependent” to hold off. That is the reason why stocks are trading at-all time highs, even while the economy limps along like a lame dog. Our country seems to be expanding the slowest wages growth in at least 7 years. This so called "crackdown" could be related to gaining more certainly around foreign-earned income. This could be a way to restrict the flows of money, coming in from China and Asia.
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