When the economy is good, everyone is happy. When the economy looks bad, certain industries are called out as a gauge to how the economy will end up looking in the months ahead. Right now, the auto industry is that gauge. Drew Matus, chief market strategist with Metlife Investment Management, says the economy shouldn’t be gauged on auto spending. The gauge should be if people stop doing these certain activities.
Watch the full interview from Bloomberg: https://www.bloomberg.com/news/videos/2017-06-01/matus-haircuts-not-cars-show-u-s-economic-health-video