April 27, 2016

Could see slowdown in auto productions

Industrial production has fallen to its worst level since February 2014. Weakness in mining, machinery and oil and gas are certainly the main catalysts, but now we might also have a slowdown in auto production.

I think that with the automotive industry's large dependence on consumer credit, we can forget about another Federal Reserve rate hike this year if auto sales continue to moderate."

Short F, GM