Transports on a Roller-Coaster

I like to watch the relative strength of transportation stocks. Yesterday, the transports had one of their best days versus the broader market in years. Today, they’re giving back all that gain.

Here’s the chart:

Transports are a classic cyclical play. If the sector is strong, that’s probably a good sign for the economy. I would be concerned if we saw the transports start to lag the market significantly.

Posted by on July 17th, 2019 at 10:45 am


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