Auto sales forecast, Euro area manufacturing and composite PMI, Redbook retail sales, Consumer confidence, Richmond Fed
Still negative:
Should hold up as long as the euro stays relatively weak due to portfolio selling, which has been all but continuous for the last couple of years or so. At some point ‘fundamentals’ including relative prices and the current account surplus ‘drain the swamp’ and take over:
Back down again:
Back down:
Still negative:
