Truck Tonnage vs. S&P 500 Index The Truck Tonnage Index declined 0.3% in October and is still on a nice upward path. Trucks represent 70% of U.S. freight and serve as a barometer of the U.S. economy. This chart shows how the U.S. stock market has increased in line with the physical size and expansion…
U.S. Heavy Trucks Sales and Recessions U.S. heavy trucks sales rose in Q3 2019 to 560K (annualized). Historically, before recessions and bear markets, heavy truck sales peak and then decline. You may also like “Heavy Truck Sales as Recession Indicator.”
U.S. New Heavy Truck Sales Lead U.S. Unemployment Rate Chart suggesting that U.S. new heavy truck sales lead the U.S. unemployment rate by 7 months. Image: Pictet Wealth Management
Heavy Truck Sales as Recession Indicator Historically, before recessions, heavy truck sales 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. You may also like “U.S. Heavy Trucks Sales…
