Locator: 45975INV.
WTI: plummets: drops $2.50 / bbls; now trading around $78. What happened to Mideast war, Iran-saber-rattling, $150-oil? Is this a Goldilocks economy for average American? Bidenomics?
Four big stories being followed on CNBC this morning:
- chip stocks: surging
- EV prices being slashed
- used car prices dropping
- household debt not an issue; has come way down since Covid-19 days;
Market after this news:
- Dow: up 60 points
- NASDAQ: up 130 points
- S&P 500: up 30 points
Used car pricing: so you had to wait a year ... well, la de da ...
- sedans down 16% y/y here in Texas
- crossovers: down 10% year/year in Texas
- EVs: some of the biggest price declines here in Texas
Used car pricing: "a more normalized market" -- CNBC -- national data out today
- y/y: down 4%
- m/m: down 3%
Used car pricing, Austin, TX, link here:
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