(https://www.marketwatch.com/story/volkswagens-stock-is-close-to-hitting-a-15-year-low-04aee48d?mod=mw_rss_topstories) on 100k job cuts signals something bigger: European industrial capex is imploding. When German OEMs slash headcount, their supply chains freeze. That flows straight back to American industrial exporters like $CAT and $MMM who depend on European demand for heavy machinery and components.

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