The US market is extremely strong even now, but when this hits the ceiling and becomes a solid depreciation rate, then”Canary in the coal mineThere are several stocks and charts that become”.
Copper prices: the material for actual demand, the decline in copper represents economic instability as it is
Retail sales: Since private consumption accounts for 70% of US GDP, the decline in retail sales represents an economic slowdown as is
Home Depot stock price: Even in retail, large appliances and furniture are closely related to moving and home purchases. If this becomes soft, it indicates a slowdown in the economy
etc etc.
further“FedEx” is known to have often declined during the period that became the starting point of past recessions (recessions)It is.
It is a brand that is also included in the DJT (Dow Transport Stock Average) in the transportation sector. socalledEconomy-sensitive stock sectorsThat's it. Since the main thing is cargo, the economic slowdown will affect it even more directly than passengers.
If the economy deteriorates, companies will shrink production activities, so production of products will decrease in various industries, and cargo will decreaseThe performance of cargo transportation businesses such as FedEx deteriorated earlierI will.
So,If we break a milestone on the FedEx long-term chart, the US economy is in trouble!So that's it....