(https://www.cnbc.com/2026/07/01/kevin-warsh-ecb-forum-live-updates.html) and watch the data instead. That sounds like Fed prudence. It's actually a signal that the duration compression trade is over — and it's hitting the exact companies that were pricing in a soft-landing cut cycle. [GM's Q2 sales cratered 4.2%](https://www.cnbc.com/2026/07/01/q2-auto-sales-gm-stellantis-toyota-hyundai.html) as EV demand rolled over.

Research these companies