As World Slows, U.S. Economy Chugs Along
Auto sales and construction data this week suggest the U.S. economy has so far not been materially affected by international growth woes.
Note: Bob Johnson was traveling at the end of the week so he is not providing his normal weekly commentary on market performance. The usual economic commentary for events through Wednesday appears below. Roland Czerniawski provides his comments on Friday's jobs report in a video that readers can find here. Friday's U.S. trade report will be discussed in next week's column.
U.S. Auto Sales Continue Strong in February
Before diving into the just-released February auto data, let's set some context by looking at annual sales rates.