Transportation and logistics likely to slash well in advance of the broader markets

Sep. 15, 2022 3:20 PM ETFDX, UPS, CHRW, CSX, EXPD, NSC, UNP, KNX, HTLD, WERN, LSTR, FWRD, JBHT, ODFL, HUBG, SNDR, SNDLBy: Manshi Mamtora, CFA3 Comments

Trucks driving through a countryside landscape at sunset

Marcus Lindstrom

  • Baird reports explain that transportation indicators are first to bottom before macro data and the broader market dips. Digging deeper, Dow Transports bottoms 1-2 quarters before the cyclical low in manufacturing PMI.
  • However, leading PMI indicators suggest manufacturing PMI

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