U.S. Heavy Trucks Sales and Recessions U.S. heavy trucks sales fell in November to 489K (annualized). Historically, before recessions, heavy trucks sales tend to peak and then decline. Click the Image to Enlarge
S&P 500 Index Forward 12 Months Earnings Per Share and Sales Are U.S. stocks at risk of slipping further? Morgan Stanley forecasts S&P 500 earnings per share of $195 in 2023. Image: Morgan Stanley Wealth Management
Housing Market – U.S. Pending Home Sales Recession is coming in the United States. U.S. pending home sales, down 30% from a year ago, are a good leading indicator of the housing market. Image: BofA Global Investment Strategy
U.S. Real Retail Sales and Recession In October, U.S. real retail sales stand at 0.47% YoY. About 70% of U.S. GDP is personal consumption. In the past, real retail sales trended sideways before the recession began.
U.S. Dollar Index (DXY) and Internation vs. Domestic Sales Exposure Will the U.S. dollar fall next year, as the United States enters recession? Image: Alpine Macro
Housing – U.S. Existing Home Sales U.S. existing home sales fell 1.5% in September as rates rise. Image: The Daily Shot
Estimated Currency Impact to S&P 500 YoY Sales Growth A strong U.S. dollar does not bode well for U.S. firms sales. Image: BofA US Equity & Quant Strategy
NAR U.S. Pending Home Sales Index U.S. pending home sales dropped 19.9% YoY in July. Image: The Daily Shot
Recession – NFIB Sales Expectations U.S. small business sales expectations moved lower. This does not bode well for the U.S. economy. Image: The Daily Shot
Markets – Cumulative S&P 500 Growth vs. Cumulative Real GDP Growth vs. Cumulative S&P Sales Growth Is the disconnect between the U.S. stock market and the U.S. economy justified? Image: Real Investment Advice