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Weekly Notebook Review | Vol Up, USD Up, Rates Up $SPY $QQQ $USO $GLD | August 2, 2023

Hedgeye Podcasts

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Toyota and Honda's Slow Rolling Production

The only companies that have approached this with any sort of intelligence is Toyota and Honda. They're like slow rolling production because they want to hold on to those really high gross margins. Hertz has basically a double exposure to this because if you're a rental car company, then you rent your cars and you sell them into the wholesale market. But Hertz sells most of their used vehicles on their own lots.

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