Should we become concerned about the US Economy? A new report from UPS which arguably has a unique view of the global economy claims it sees “headwinds” in the second half of the year. Their report comes with other negative commentaries that have surfaced this week as well that looks to point to rough waters ahead.
Excerpt From Business Insider:
Like others that warned about a slowdown, UPS reported on-target earnings and kept its forecasts unchanged. But that’s because of ” technology and productivity investments” that are helping it manage through. Its shares fell a little. Ford, on the other hand, lost 10% of its market value after it cautioned that carmakers were getting aggressive with incentives to lure in buyers — a sure sign that one big economic engine, auto sales, are peaking. Shares of other carmakers fell too.