Lefty Trump Supporter's Epic Response to Larry David's Op-Ed Attacking Bill Maher's Dinner...
Trump Goes After the Corrupt Democrat Money Machine
Trump's Jedi Mind Trick: Kilmar Abrego Garcia
Now The Left Is Outrage Over an Easter Egg Roll
Yale Fail
A Quick Bible Study Vol. 265: What the Old Testament Says About Eyes...
Under Trump, American AI Prepares for the Golden Age
A Post-Easter Meditation on Temptation
Jewish Students Want Trump to Dismantle the DOE
Protecting People of Faith Should Be a Bipartisan Issue
Joe Biden Attends Pope Francis' Funeral, Reminding Us We're Better Off Without Him...
Did This State Democratic Rep Have the Worst Reaction to Wisconsin Judge's Arrest?
Trump Sure Has Some Thoughts About The New York Times’ Coverage
Jon Ossoff Really Doesn't Look to Be Making Reelection Easy on Himself
Jennings Offers Telling Reminder About How Media Has Botched Story on Arrest of...
OPINION

Shiny New Wheels

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.

Car manufactures have been rolling out their annual sales numbers and for the most part have been strong and beating expectations.  If December ends up positive, this could be the 7th year in a row that U.S. auto sales have been up, something not seen since the early 1920. Some economist are predicting that 2016 could hit record highs. In 2015, 17.5 million cars and trucks were sold, and expectations are that sales could increased to 17.7 million annual units in December.

 
One thing to watch however is how much incentives and inventory are increasing. Then there is the Trump effect and how potential tariffs might future sales.  Plus, in 2017 interest rates will be rising and thus may impact future demand and sales.

The major indices are in the green again for the second trading day of the New Year.  This could be a good omen as the old Wall Street adage says so goes January so goes the year, which historically has been correct 74% of the time.  The Dow is 75 points away from 20,000.  Key resistance level is 19,974 with support around 19,934.   Not sure 20,000 happens today, but we are getting closer.

Advancers are leading decliners 2506/467 on the NYSE and 2341/604 on the Nasdaq.  Volumes are still light. 

Advertisement

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement