Posted on 01/12/2017 10:00:31 AM PST by RoosterRedux
Here's some potentially great news for Donald J. Trump. A key market barometer that shares the President-elect's initials has been rallying lately. And that's often a promising sign for the broader markets and economy.
The Dow Jones Transportation Average (DJT) -- often referred to by traders as the DJT or the Dow Jones Transports -- is up more nearly 10% since the election and has continued to head higher so far in 2017.
Why is that a positive for Trump?
The DJT has 20 key airline, railroad, trucking and shipping stocks in it. American (AAL), United (UAL), Union Pacific (UNP), UPS (UPS) and FedEx (FDX) are members.
(Excerpt) Read more at money.cnn.com ...
Ping.
....but but he yelled at a CNN reporter so the market is going to crash. /sarc
Did this factor in the huge SPIKE in UPS or FedEx Christmas deliveries between Election Day and Christmas?
Just asking. Not being a smart@ss.
It sure seems the stars are in alignment, no offense to God intended.
If transportation stocks are up, I suspect it has more to do with forward-looking sentiment than in underlying financial figures. 2016 was a pretty flat year for trucking companies and freight railroads, from what I’ve seen ... and the maritime industry is in poor shape right now.
America has had not even a fraction of across the board LEADERSHIP, since Reagan! We have got it now, and it’s UUGE!!
Only to the extent that analysts would be comparing current results to same for last year. If this Christmas season is way up compared to 2015, that would be taken into account.
Someone better call the fire department.
Dow Jones Transports are a leading indicator. Analysts are probably looking at tons shipped and that type of information instead of financials.
OK, Good!
I want our Economy to come ROARING back to life. I want there to be no way any LefTards can DISPROVE it’s not taking off like a rocket.
I want every man, woman and child to benefit from a Trump Presidency like they have never benefited from anyone in the White House EVER before.
I want crystal-clear irrefutable PROOF of it so that every Leftist media PUKE has NO CHOICE but to report ASTOUNDING news on the Economy.
Daily! :)
The railroad business, for example, has struggled over the last year or two with two of their biggest commodities: intermodal containers (2016 was their first down year in 4-5 years) and coal (this has been a disaster for railroads for several years). Coal accounted for almost 40% of the tonnage moved by railroads in 2015, and that volume was down about 25% since its peak in 2008.
In other words, speculation.
GOOD! :)
More, YUGE winning!!
We can’t stop GRINNING :-)
True, but tonnage info precedes the production and release of financials.
If you want really up to the minute intel on transportation performance, you can go out to a major train crossing and count the cars.;-)
Class 8 truck sales is a very good forecaster of the economy about 3 to 12 months out.
I can’t believe I have my very own year. What fun.
Excellent point about coal. That’s why the DJT shot up right after the election.
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