Wednesday, July 21, 2021

Will booming recreational goods and vehicles sales be a bull market peak indicator, as it was in the past?

Sales of recreational vehicles and motor homes have been a good simultaneous indicator of the end of a stock bull market in the past. 

But the COVID pandemic changed buying patterns -- sales exploded during the lock downs.

Consumption spending in this category increased 26% from Q4 2019 and Q1 2021.

That five-quarter gain was equal to the increase in inflation-adjusted spending in this category since Q2 1999. 

Used and new RV prices are soaring today.

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