Mike Shedlock: Online spending poised to overtake motor vehicles and parts

Mike Shedlock: Online spending poised to overtake motor vehicles and parts
Online sales to outpace motor vehicles

Mike Shedlock, author / blogger at MishTalk, raises the question of when online spending will surpass spending on motor vehicles and parts.

He points to visual evidence illustrating the decline of department stores and the rise of nonstore sales.

Shedlock has commented recently on market pressures across different sectors. He noted that the long bond yield remains above 5.0 percent, reflecting continued strain in the bond market. In a separate post, he highlighted that gasoline prices have reached the highest level since July 2022, with diesel prices also nearing a record.

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