https://www.aar.org/news/rail-traffic-for-the-week-ending-november-6-2021/
total rail traffic is down 3.5% for the 2nd week of nov compared to last year.
traffic is up (excluding containers and trailers), but containers and trailers are down. of course much of this is probably due to the traffic jam at ports.
canadian traffic is flat.
mexican traffic is down.
and, of course, total traffic for the first 44 weeks of the year is up over last year. (compared to the initial shut down).
Thanks bear!
What's your take on this?
Others?
this is not about what shipping numbers tell us right now, but i expect that stock markets are not in a position to go a lot higher from here.
i am heavily weighted in pm shares and a little bit in energy.
my position here is that the current leaders in washington will not give us a business friendly economy, but instead will give us stagnation.