“I want to stipulate that I am not ignorant of the big issues. I’m constantly checking every European bond auction and I am well aware that our taxes are going up, maybe, as is the case with some of us, up big,” he said Thursday. “But I keep going over these quarters that have been reported, we’ve heard from about one-fifth of the companies already, and I see three things.”
Cramer detailed three factors to watch.
Union Pacific noted that cars have been a big driver of rail traffic, a footnote that many people might have missed.
There is a possibility the U.S. auto industry will build more than 14 million cars this year, but the strength in General Motors and Ford is obscured by poor performance internationally.