Looks like the earnings in the transportation sector may be collapsing. If so, that’s a horrible sign for the economy. As the earnings have plummeted lower, it’s widened the P/E, because the price of the index had actually improved slightly lately. So it’s an earnings problem. Not good for the economy.
Reply To: My thoughts on the market latelySean Hyman2020-08-18T16:08:29-05:00