Its been said Trannies don’t lie, they play much closer attention to the global economy than U.S. stocks as a whole.
The S&P is whistling past the grave yard, only 3% off the highs, while the Dow Jones Transportation AverageĀ is near Bear Market territory off 19% from their highs.
Beware: Trannies are listening to bonds, while stocks have a mind of their own.