The Transports were the weakest index of the year. I think they were down about 17 percent. in 2015. Now, that is the index that is the biggest beneficiary of lower oil prices. So clearly if the Transports were the weakest of the indexes, the weakness cannot be because of the cheap oil. It has got to be another reason. And again I think it has to do with the economy. Oil is being impacted by the weakness of the economy and so are economically sensitive stocks.
Related stocks: Union Pacific Corporation (UNP), FedEx Corporation (FDX), United Parcel Service, Inc. (UPS), Norfolk Southern Corp. (NSC), CSX Corporation (CSX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jan 4, 2016
Blog Archive
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2016
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January
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- A Bear Market in Stocks, Plus An Economic Recession
- The Recession Is Going To Gather Momentum
- The Federal Reserve Is Not Going To Be Able To Rai...
- What The Federal Reserve Will Do Now
- A U.S. Economic Recovery And Higher Rates Cannot C...
- The Fed Is Going To Take Interest Rates Negative, ...
- Markets: Jamie Dimon Is Wrong, High Yield Bonds & ...
- U.S. Stocks: All Bear Markets Begin As Corrections
- Markets: We Are Clearly In A Recession Now
- This Is Clearly The Type Of Action That You Get In...
- There Many Stocks Down 60, 70, 80 Percent
- Stock Market: We Are Probably In A Bear Market Rig...
- Markets, Economy: The Last Thing That Janet Yellen...
- U.S. Economy: All The Leading Indicators That Are ...
- Lots Of Downside To Markets & Economy
- Markets: Is This A Buying Opportunity?
- The Market Is Going Lower Until The Fed Comes Clean
- The One Thing That Has Not Declined Since The Fed ...
- U.S. Economy, Markets: We May Already Be In A Rece...
- Gold Stocks: Wall Street Is Still Oblivious To The...
- The Yen Strength Is Scary For The Markets
- The Reason Why The Stock Market Is Falling
- 2008 Crisis: On The Verge Of Something Even Bigger
- Stock Market: A Lot Of Technical Damage
- Dow Jones Transportation Index: Officially In Bear...
- Crude Oil, Stock Markets Are Being Impacted By A W...
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