Automakers Setting Up for a Swing Trade

One of the sectors that I'm closing monitoring for a potentially lucrative swing shorting opp are the major automakers. U.S auto manufacturers collectively reported lower U.S. sales in December, with total sales for 2017 falling shy of the record set in 2016 and representing the first annual decline since the financial crisis eight years ago. Auto Sales Jan 18th With sales of autos & light trucks hovering at the high-end of the historic range for the last several years & reliability of new cars continuing to improve, it is hard to argue that there is or will soon be [...]

2018-02-28T17:07:45+00:00 Jan 18, 2018 3:47pm|Categories: Equity Market Analysis, Unofficial Short Ideas|Tags: , , , , |0 Comments