Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.35 | +0.35 | +0.40 | +0.40 | +0.00 | -0.47 | +0.40 | +0.25 | +0.05 | +0.35 | +0.40 | +0.40 |
Consumer sector sentiment is neutral to slightly positive this month, primarily shaped by the UAW strike disrupting nearly all of General Motors' North American output. While the strike introduces near-term uncertainty in auto availability and pricing, broader consumer demand has held firm, supporting underlying resilience in the sector. The modest bullish tilt reflects confidence that supply-side pressures will ease without triggering widespread consumer pullback.
How this mood is scored ▾
On May 7, 1998, Germany's Daimler-Benz and America's Chrysler unveiled a roughly $36 billion all-stock merger to form DaimlerChrysler, then the largest cross-border industrial combination and the biggest foreign acquisition of a U.S. company on record. Daimler shareholders took about 57% of the combined automaker, which spanned factories in 34 countries and roughly 4.4 million annual vehicle sales. The 'merger of equals' framing later unraveled, and Chrysler was sold off in 2007.
A United Auto Workers strike at two key parts plants in Flint, Michigan spread to idle nearly every GM assembly plant in North America, lasting almost two months. The stoppage cost GM billions in lost production and measurably dented US GDP growth in the second quarter. It highlighted persistent labor tension in the auto industry even amid the broader economic boom.
eBay priced its IPO at $18 a share and began trading on September 24, 1998, with the stock surging past $47 on its first day to value the online-auction marketplace above $1 billion. Unusually for a dot-com, eBay was already profitable, having hosted more than 15 million auctions and topped $340 million in gross merchandise sales through mid-1998. The debut showcased consumer-to-consumer e-commerce as a viable, high-growth business.