A Deep Dive into the Transportation Index
Earlier this week I looked at how The Dow Theory was indicating the stock market was heading into a broad bear market. Today, I want to take a deeper dive into one sector of the Dow Jones Transportation Index (DJT), the trucking industry, to see what ails it. Or if it’s presenting a buying opportunity.
Trucks account for over 82% of most goods, from groceries to clothes to construction material and fuel are moved from businesses to consumers.
Right now, it’s sending a very mixed picture. If one were to assess the situation solely based on the share price of various trucking firms, you’d think we’re already deep into a recession.
Trucking stocks have been under pressure in recent months, with most…
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