IYT: Any Fuel left for Transports

Transportation ETFs with exposure to U.S. airline, railroad, and trucking companies indicates the flow of goods across the world. When this etf preforms well it signals that people are ordering packages, tourists are traveling, supermarkets are buying food, industrial companies are receiving building materials, consumers are receiving electronics and equipment, producers demand commodities, etc. We can watch this for indications of a slowing down or heating up economy. If it breaks up bull market, down bear market.

As higher prices are being passed onto consumers will we see the same demand for goods?





note: Stocks are forward looking.

Comment:

looking to bounce from bottom of channel