Ed Yardeni looks at the 26-week moving average of railcar loadings, and he thinks it shows the...

|By:, SA News Editor

Ed Yardeni looks at the 26-week moving average of railcar loadings, and he thinks it shows the economy may be coming out of its soft patch, despite prior divergences between the measure and transport stocks (IYT -1.7%) that sometimes have foreshadowed a recession. Loading activity has rebounded to its best reading since December.