Transportation Stocks: Why a Secular Under-Performance Bear is Just now Beginning
An analysis of nearly 100 years of history compellingly suggests that transportation equities are in the early stages of a major, secular under-performance bear cycle vs. the broader market. When I say “transportation equities” I’m referring to the Dow Jones Transportation Average…...
Airline Outperformance vs. Railroads to Continue, Accelerate
This post is a spread trade dedicated to two components of the DJ Transportation Index. In the chart below the ratio of the DJ Railroad Index vs. the DJ Airline Index is breaking below key, long-term support lines (1)-(3). Given…...