Have you noticed lately how quickly people’s emotions are changing day by day? Last week, it was doom and gloom and this week it’s relief that the Fed saved the day.
Everyone is glued to the financial media outlets listening to so-called experts talk about ‘this, that and the other thing’ AFTER the fact. It’s amazing.
Time is money, and your valuable time is better spent listening to what the market is saying.
While everyone is talking about the Fed, recession, unemployment, inflation, etc., something very interesting has appeared on our radar, standing out in these uncertain times: transportation....
...In conclusion, we stress the importance of watching the price action within the context of The Sentiment Cycle. The reason to watch the trucking industry and the Dow Transports in general is because this sector says a lot about the state of and the health of the economy.
It will be interesting to see what unfolds in the coming weeks. Are the Transports telling us a different story of the economy’s health than the financial media?