German industry in freefall - ESI Lower & PMIs lower.
Consumer confidence lower, the chemical industry relies heavily on consumer products.
China PMIs lower again.
60% of sales are based in China/Europe new orders slowing
"In China, the world’s largest automotive market, the decrease was more than twice as high, at around 13%."
Profit warning 30%...
No technicals bullshit here, purely fundamental driven.
PSR is the key theme in railroads right now. Despite a lower operating ratio CSX implementing PSR isn't proving to be as effective as people think and the optimism associated has created a bubble.
Railroad data weaker YoY - Bearish -...