Autos

Trump Slams On The Auto Tariff Brakes

Mar 27, 2025 2 min read

President Trump's Wednesday night announcement of a 25% tariff on imports of foreign motor vehicles caused a selloff in auto stocks today. Components such as engines and transmissions are also impacted, while previously trade-compliant parts from Canada and Mexico will be slapped with tariffs at a later date. At the moment, the 25% tariff is expected to be on top of those coming on April 2. That would

Ed Yardeni
Eric Wallerstein

Monster Trucks With Monster Bills

May 7, 2024 2 min read

Since just before the pandemic during January 2020 through March of this year, the CPI indexes for new autos, auto maintenance & repairs, and auto insurance are up 21.0%, 34.8%, and 44.6% (chart). These all exceed the 20.6% increase in the headline CPI over this period. Why? Americans are buying lots more expensive light trucks than passenger cars. They cost more to buy, maintain, repair, and

Ed Yardeni

Soft Landing Remains In Play and Bullish

Dec 5, 2023 2 min read paid

The S&P 500 is taking a rest just north of 4550 and south of 4600. Stock investors are waiting for November's jobs report on Friday to decide what to do next. Meanwhile, bond investors aren't waiting to buy more bonds. They liked the latest batch of economic indicators and drove the 10-year Treasury bond yield below 4.25%. Here is a brief overview of

Ed Yardeni

Falling Interest Rates

Apr 4, 2023 2 min read

Interest rates continued to fall today after Jamie Dimon, who is the President, CEO & Chairman of JP Morgan Chase, warned that the banking crisis is "not yet over" and will cause "repercussions for years to come." He did so in his annual letter to stockholders. With all those titles, he must know what he is talking about. He observed that potential losses from held-to-maturity bonds,

Ed Yardeni

August's CPI Likely to Confirm Inflation Peaking

Aug 30, 2022 1 min read

August's CPI report will be released on September 13. It is likely to show that inflation is continuing to moderate. We know that the pump price of gasoline fell sharply this month (chart below). We also know that the wholesale price of used cars fell during August, suggesting that the CPI for used cars fell this month (chart below). These two components of the CPI were among the

Ed Yardeni

US Production and LEI Signaling Softish Landing

Jun 17, 2022 2 min read paid

There was a tiny hint of a manufacturing recession in May's industrial production index, which was reported today. It is one of the four components of the Index of Coincident Economic indicators (CEI). May's Index of Leading Economic Indicators (LEI), also reported today, is signaling slower economic growth ahead as well: (1) The LEI, which remains near its recent record high, fell in May by 0.

Ed Yardeni

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