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Wall Street monitors used car wholesale auction index to predict inflation

Wall Street investors are keeping an eye on used car prices, something they rarely monitored before. It’s not that they’re all suddenly in the market for a well-maintained Ford Edge; it’s because used car prices are currently one of the best indicators of whether the economy is headed towards inflation or not.

The New York Times details the close watching of the Manheim Used Vehicle Value Index, a monthly analysis of wholesale used car sales. It’s operated by Cox Automotive, a massive conglomerate that owns Kelley Blue Book, Autotrader and 80 or so wholesale dealer auctions around the country. Through the approximately 5 million cars they sell a year, they’ve been able to compile a lot of data about used car trends.

Moreover, because these wholesale auctions are dealer-only, they’re a good crystal ball for what consumers will be paying for cars a couple of months down

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Apple: Wall Street Analysts Talk Apple Car, 5G Super Cycle

As another week came to an end, Wall Street continued to offer its insights on Apple stock. From the Apple Car to the iPhone to the buy-on-weakness opportunity, analysts published several interesting reports on the Cupertino company.

The Apple Maven reviews some of the most interesting expert takes below.

Still bullish on Apple stock

Overall, Wall Street continues to be bullish on Apple. Not much has changed since I last looked at the analyst rating and price target distribution: strong buy recommendation, target of around $148 per share. Because Apple stock has been spinning its wheels lately, the price gap to target has increased.

Check out the table below:

Apple consensus analyst rating.

Apple consensus analyst rating.

Hot takes of the week

One of the most attention-grabbing reports came from “the bull of bulls”, Wedbush’s Dan Ives. The analyst believes that Apple stock can nearly double in the foreseeable future, as it

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