Automakers' Stocks Unfazed by UAW Strike

Despite the ongoing strike by the United Auto Workers (UAW) at the big three automakers, General Motors, Ford, and Stellantis, the market has not reacted negatively. This highlights the mixed messages and difficulty investors face in determining where to invest their money. While the strike could potentially impact US GDP and cause pockets of weakness, such as increased gas prices and potential disruptions in transportation sectors, the current market reaction shows resilience. However, the overall market outlook is facing challenges, with the S&P 500 giving up its gains for the week, crude oil prices reaching the highest levels of the year, and the dollar's strength potentially impacting go-forward sales for companies, especially those reliant on foreign sales like the tech sector.