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Strategies & Market Trends : Sharck Soup
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To: Sharck who wrote (19388)4/30/2001 3:29:00 PM
From: Tom Hua  Read Replies (2) of 37746
 
Sharck, key economic data tomorrow: NAPM and auto sales for April. After better-than-expected auto sales in Q1 (thanks to large cash incentives), Detroit will report double digits decline in April, the worst since December. This second largest component of GDP will put a damper on talks that a recession is out of sight. We may also hear production scaled back in Q2 by the automakers, along with negative impact on earnings and employment. Stay tuned.

Regards,

Tom
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