Chart of the Day – July 13, 2020

By: Chris Wenner in Charts 07/13/2020

Transports, along with other pockets of the market such as small caps, are an important indicator (at least traditionally) for the overall market.  Unlike the S&P 500 (and especially the Nasdaq), the Transports Index remains about 20% away from its respective high.  Roughly 1/3 of this index is made of only 3 companies: NSC, UNP & FDX.

Below is a weekly chart (2-yr) of the Transports Index.  8800 & 9850 are important trendlines.

CW

 

By: Chris Wenner

Managing Director

Jonathan Molchan

Wennco's innovative strategies and robust OCIO capabilities are designed for RIAs, Family Offices, and high-net-worth individuals.

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