From a quick Dow Transports DOWT
scan, I can't find a more parabolic point move since 1992
. It's great that the transports are running the markets to new heights. This means U.S. economy is recovering faster than the Federal Reserve
anticipated. However, this might mean the Federal Reserve
might have to end Quantitative Easing much sooner. This could lead to the broader market taking a hit in the short run.
Will find out March 20th when the Federal Reserve