By Stephen Culp
NEW YORK (Reuters) – The U.S. transportation sector, which many see as a proxy indicator of the economy’s health, has retreated 3.1 percent from its Sept. 14 record, hinting to some analysts that the longest bull market on record has entered its late stages.
Railways, freight carriers and package deliverers get less attention than heavy-hitting momentum stocks like Apple Inc (NASDAQ:AAPL) and Amazon.com (NASDAQ:AMZN), but the sector could be showing cracks in what analysts and the U.S. Federal Reserve characterize as a robust economy.
Several constituents of the Dow Jones Transportation Average (DJT) have provided disappointing guidance in recent months. As the third-quarter reporting season approaches, investors will watch to gauge whether trade, fuel and dollar risks are affecting the sector’s bottom line.
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