The S&P 500 is at its lowest level since November 2020; the minutes of the US Federal Reserve’s September meeting show that it is committed to raising rates to restrictive levels; and Germany reported that inflation rose 10% in the 12-months ending September. This sets the stage for the all-important US inflation report due out later today, which is likely to drive market action today, and maybe even in the weeks to come. Roberto Cominotto, Equities Research, speaks on why he thinks European automobile stocks are worth taking a closer look at now, even if there are concerns about a recession looming around the corner.
00:09 Introduction and markets wrap-up by Mike Rauber (Investment Writing)
04:10 Automobile stocks by Roberto Cominotto (Investment Research Analyst)
06:05 Closing remarks by Mike Rauber (Investment Writing)