German here. Well, the industrial/manufacturing part of my (German/European) portfolio is not really fun to watch, but not terrible either. Other than that, our recession still feels pretty abstract. There are some layoffs, but they are mostly aimed at contractors and temporary staff.

PMIs below 50% is something the government cant hide. PMIs below 50% by definition mean large layoffs and if they arent... then you have a disaster ticking time bomb of an economy.

I have no investment in the euro area really. To be honest kind of wish I did have access to those markets. Certainly looks like either german government is hiding something or the allegations that the balkans are being abused are true. I have no idea.

Disclaimer: I own no automotive stocks, because I am already earning my bread and butter in this industry.

Very good idea. I don't own tech stocks under the same rule. At the same time I dont own any of the big 3 nor TSLA. Auto cycle is real and Ford I predict will become a penny stock briefly. GM is probably headed to low 10s. Fiat chrysler will be headed to single digits.

When those stocks get there... I'm buying :)