MATASII SII SUBSCRIBERS WIN BIG AS GLOBAL AUTO STOCKS ARE CRASHING
SUBSCRIBER ONLY WATCH LIST RESULTS
If you had included some of these selections in your portfolio when the SHORT trigger occurred you would be gloating today!!!
-- PUBLIC SOURCE: 10-10-18 - "From Ferrari To Ford - Global Auto Stocks Are Crashing" --
In Italy, Ferrari and Pirelli plunged and were halted Limit-down... with China cracking down on luxury goods and broader auto fears...
As Bloomberg reports, Autos "pre-announcement gloom continues," according to a note from Evercore ISI says, adding that as feared “we are testing the floor as the group traded down again yesterday on negative news from coating provider PPG,” which has ~35% exposure to Automotive OEM, Parts & Aftermarket, according to the brokerage.
Additionally, Evercore ISI notes that 2H18 will be “ugliest reporting season” for suppliers since 2015.
European Autos are trading at their lowest levels of the Trump era...
With Ford trading with an $8 handle at its lowest since Nov 2009
As US Auto sales start to slump...
Does any of that look like a global recovery that is "plateauing" as The IMF now claims... or is it crashing?