After 33 months of zero progress, the market is proving that it is finally time for Transportation stocks to move forward. We call these big bases. It was a well-deserved consolidation in prices after a historic run throughout 2016-2017.
This all seems perfectly normal to me. Not sure why some media outlets are telling investors about turmoil not seen since 2008. Maybe they’re looking at the charts upside down? Or blindfolded perhaps?
Here is the second most important stock market index on planet earth breaking out of a long consolidation to new all-time highs: [Read more…]