It's pretty clear to me what's about to happen. The transportation index is about to seriously underperform the S&P 500. What else does it say about where we are in this market? Dow theorists should have a field day with this one. Is inflation about to be let out of the bag? You would figure the transports would be serious beneficiaries of this crash in oil. Was that factored in already and are they about to get a one-two punch with oil moving back upwards and the recession worsening?
Fascinating.
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