Below is the correlation between auto sales and employment. Note auto sales lead employment by roughly 2-3 months. Now, when we add this data point to what we have seen in temp employment (it has a 3-4 month lead time on NFP’s) and the strength there, we have a couple indicators that tell us we should be accelerating employment numbers in early spring.
Canyon Profits On Covid Crisis Refinancings
Canyon Partners' Canyon Balanced Funds returned -0.91% in October, net of fees and expenses, bringing the year-to-date return to -13.01%. However, according to a copy of the firm's investor correspondence, which ValueWalk has been able to review, the fund quickly bounced back in November, adding 7.3% for the month. Net of fees, the letter reported, Read More