Comment / 'Your T&L portfolio is junk'

ID 25204793 © Oksana Shatshkova | Dreamstime.com

“Call the bank on Monday.”

Here we go 

CPI numbers from the US yesterday, 12 October, coming in slightly above expectations, were the classic only-partly-true ’non-event’ for Mr Market.

The benchmark index trifecta – Dow, S&P 500, and Nasdaq Composite – ended up in negative territory (-0.5%/-0.6%), however the damage was felt in transport and logistics (T&L), gauging by the performance of several different tickers in our demo-only US-focused portfolio (Tab.1).

Risk 

It could get worse.

Two factors stand out as evidence for a very harmful ...