The current rally in the Transports supports the fall "melt-up" thesis for stocks, says Pension...

|By:, SA News Editor

The current rally in the Transports supports the fall "melt-up" thesis for stocks, says Pension Partners Michael Gayed. Just as the sector acted as a precursor to the market's August selloff when it turned down in early July, its current uptrend appears to be confirming a bigger move to the upside for the general market.