AI
Tuesday, February 07, 2017 8:28:07 AM
some trade ideas,..find the companies affected and play the play.
> US bankruptcy filings by consumers rose 5.4% in January, compared to January last year, to 52,421 according to the American Bankruptcy Institute. In December, they’d already risen 4.5% from a year earlier. This was the first time that consumer bankruptcies increased back-to-back since 2010.
> If the U.S. economy truly was doing great, major retailers would not be closing hundreds of stores. Sears, Macy’s and a whole host of other big retailers are closing stores because those stores are losing money. It truly is a “retail apocalypse“, and this trend is not going to turn around until U.S. consumers start to become healthier financially.
> We also see signs of trouble in the auto sales numbers. Compared to 2016, sales were way down in January this year…
Compared to January last year, car sales collapsed for all three US automakers, and the largest Japanese automakers didn’t do much better:
GM -21.1%
Ford -17.5%
Fiat Chrysler -35.8%
Toyota -19.9%
Honda -10.7%
Nissan -9.0%
For all automakers combined, car sales sagged 12.2% from a year ago.
> US bankruptcy filings by consumers rose 5.4% in January, compared to January last year, to 52,421 according to the American Bankruptcy Institute. In December, they’d already risen 4.5% from a year earlier. This was the first time that consumer bankruptcies increased back-to-back since 2010.
> If the U.S. economy truly was doing great, major retailers would not be closing hundreds of stores. Sears, Macy’s and a whole host of other big retailers are closing stores because those stores are losing money. It truly is a “retail apocalypse“, and this trend is not going to turn around until U.S. consumers start to become healthier financially.
> We also see signs of trouble in the auto sales numbers. Compared to 2016, sales were way down in January this year…
Compared to January last year, car sales collapsed for all three US automakers, and the largest Japanese automakers didn’t do much better:
GM -21.1%
Ford -17.5%
Fiat Chrysler -35.8%
Toyota -19.9%
Honda -10.7%
Nissan -9.0%
For all automakers combined, car sales sagged 12.2% from a year ago.
invest at your own risk, based on your own due diligence, at your own risk tolerance
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