U.S. Heavy Trucks Sales vs. Recessions Before recessions and bear markets, heavy truck sales always peak and then decline. Currently, heavy trucks sales are still trending upwards and suggest that there is no imminent recession on the horizon. See also “Heavy Truck Sales as Recession Indicator.”
Heavy Truck Sales as Recession Indicator Before a recession, heavy truck sales always peak (red arrow) and then decline (black arrow). Currently, heavy truck sales have a nice upward slope and show no sign of peaking. So, it suggests that there is no imminent recession on the horizon. See also “U.S. Heavy Trucks Sales vs.…
Truck Tonnage vs. S&P 500 – April 2019 Truck Tonnage Index surged 7.4% in April after decreasing 2% in March, and +7.7% year-over-year. That’s good news. Trucks represent 70% of US freight and serve as a barometer of the U.S. economy. This chart shows how the US stock market has increased in line with the…
Truck Tonnage vs. S&P 500 2019:Q1 Trucks represent 70% of US freight and serve as a barometer of the US economy. This chart shows how the US stock market has increased in line with the physical size and expansion of the US economy (R² = 0.95 from 2002 to 2019). It’s very interesting because it…
Truck Tonnage vs. US Stock Market Trucks represent 70% of US freight and serve as a barometer of the US economy. This chart shows how the US stock market has increased in line with the physical size and expansion of the US economy. There is a very high correlation from 2002 to 2019 with an…
