Transports are the best of the bunch
On another down day, transportation stocks held firm again. The sector has shown strong relative strength over the past 1-2 weeks, and the Dow Transports just hit a new high, fully recovering from its bear market. It peaked almost exactly 2 years ago, so it's been awhile since it saw a fresh high. In a premium note, Troy shows how that index, and the S&P 500, have fared after other recoveries. Over the next 1-3 months, it has been a struggle for these normally staid stocks to hold their positive momentum.

