General Motors (GM) Indicator
Categories: Index Funds, Econ
You are at a good place financially. Bills are paid, you have no debt, and your savings account is growing steadily. What is one of the first things you want to do?
You buy a new car, of course. æ
Typically, when the economy is good, the stock market is good, and the general public feels comfortable financially, then car sales will increase. It’s like saying the amount of new car purchases, traditionally through the General Motors Company, shows how well a market and economy are doing.
And yes, Ferrari-lovers. It's GM. The car company for normal people. Not you guys.