NEW YORK (TheStreet) -- The Federal Reserve extended its stimulus program on Wednesday, saying the economy has improved only gradually. U.S. auto sales, though, have been zooming.
U.S. auto sales have reached multiyear highs, which has implications for financial markets as seen below.
The first chart is of First Trust NASDAQ Global Auto Index (CARZ). The index reached yearly highs, thanks to strong domestic and global demand.
The European economy has vastly improved since Europe's debt crisis, and strong sentiment surrounding the region has pushed European equity indexes to record highs.The recovery of U.S. and European consumer spending should continue to push auto indexes higher, and the strong uptrend represented by the chart below shows no sign of a major pullback. The next chart is of ETFS Physical Palladium Shares (PALL). Palladium is considered a precious metal, known as a less expensive version of platinum. As a precious metal with industrial properties, it generally trades alongside most other metals such as gold. Follow @AndrewSachais This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV