A luxury Chinese van costs the same as a used Jeep Wrangler | Market Hang
Eric Wallerstein, Chief Macro Strategist at Clocktower Group, says the auto industry is the sector he is most worried about globally. He has ridden in the Chinese cars: far better, much cheaper, and a luxurious van with massaging seats for what his used Jeep Wrangler cost. European stock markets carry little auto exposure, but European economies, bonds and currencies carry a lot. Then the panel takes apart GM’s move to the Nasdaq.
Watch the full episode: https://www.youtube.com/watch?v=9mxuJYXCS84
Market Hang is live weekdays 12:30-1:30pm ET on Yahoo Finance, hosted today by Nancy Tengler, CEO and Chief Investment Officer of Laffer Tengler Investments.
Timestamps
0:00 Why autos is the sector most under threat globally
1:14 Riding in the cars in China
2:21 Apple executives at GM, and why it did not take
3:35 Is moving to the Nasdaq actually a good move
4:53 The big winner is the Nasdaq, and grow into what
#AutoIndustry #ChineseEVs #GM #MarketHang #YahooFinance
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