Young Research’s Moving the Goods Index is looking toppy relative to the S&P 500. Our Moving the Goods Index is a market-cap weighted index of non-airline transportation companies. The relative performance of transportation stocks can signal economic strength or weakness. The recent stalling in the relative performance of the Moving the Goods Index warrants close attention. A break below the trend-line in my chart may signal that economic momentum is slowing. An unexpected slowdown in growth won’t sit well with stock market bulls.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- Amazon Suffers Internal Battle over Search Result Manipulation - September 17, 2019
- Attacks on Saudi Oil More Likely to Hurt China than the U.S. - September 16, 2019
- Is Sheltering in Munis a Safe Bet for Investors Bitten by SALT Caps? - September 13, 2019