Right now, the U.S. auto industry is experiencing one of the most dramatic shifts it's ever seen. Across the country, people are trading in their sedans for SUVs at staggering levels.
From 2013 to 2018, SUV sales are up 87%, while sedan sales are down 8% globally.
In 2014, SUVs represented 50% of total U.S. auto sales. By 2016, that number had jumped to 63%. They hit their highest level ever in May 2018 at 67%.
The Dow Jones today moved higher in premarket trading as markets continued to react to news that the White House may be rolling back retaliatory trade measures against China in an effort to smooth trade negotiations.
The Dow Jones today surged more than 350 points after China's President Xi Jinping announced plans to "open" the nation's economy to foreign imports and regulation.
The Dow Jones today traded 170 points higher in premarket hours as investors took stock of Monday's brutal selloff.
The Dow fell 458 points to start the second quarter as investors grow more concerned about a potential trade war between the United States and China.
The Dow is now trading down over 4% for the year.
Plenty of regular investors might not pay much attention to technical analysis ("charts," to use the popular word). It's just as likely they might follow "technicians" who do their own analysis and make the charts available online for mass consumption with their interpretation of the technicals.
Proceed with caution.
There's a danger in technical analysis, in that indicators are often viewed in a vacuum. The "if this occurs, then that will happen" mentality often dominates to the point that technicians, and the traders and investors who are following along, get "trapped" in their analysis.
And that can lose you a lot of money.
I'm going to show you how that happens - and, of course, the right way to go...
The Dow Jones Industrial Average today is up five points in premarket hours.
Most of the market news today focuses on a big Fed conference and the long-awaited solar eclipse.
Here's everything else you need to know about the stock market today...
Western investors reacted with outright derision and plenty of skepticism when news broke this week that one or more Chinese automakers are considering bids for Detroit's Fiat Chrysler Automobiles NV.
What they don't realize is that not only is a deal like this absolutely possible, it's highly probable.
And imminent.
Which means the time to make your move is now.
Many investors are simply incredulous. I've spoken with tens of thousands of them over the years who cannot grasp the enormous financial implications associated with China's emergence as a global power.
In some cases, they don't want to acknowledge that China truly has global aspirations.
Most of the time, though, I find they simply cannot process the notion that somebody may have a bigger, more profitable vision of the future than they do – especially when it comes to an industry we pioneered.
However, they better get used to the idea… Chinese automakers are a logical partner.
In fact, they may be the only partner...
The Dow Jones news today is highlighted by stocks dropping in premarket hours after a round of international news yesterday.
Dow futures are down 31 points as markets digest OPEC's production cut extension and President Trump's chilly reception in Europe.
In Dow Jones news today, the Dow fell as investors wait to see if President Donald Trump will cut taxes.
The markets are also preparing for an additional three or four interest rate hikes.
by Ashley Moore
The top three stocks to watch today are T, XRX, and FCAU.
The markets are anticipating a rate hike announcement at 2:30 p.m. today, but they are not anticipating this potential danger.
Here's what you need to know this morning...
