The Transportation Sector: The Market’s Most Important Domain

Airlines, railways, package carriers, even oil and gas pipelines are all industries that make up the transportation sector.

But why should you care about it?

Because transportation is actually the most important sector – and for good reason: growth or contraction here serves as a proxy for both U.S. and global economic growth.

Yes, I’ll admit it: I’m bearish on the stock market. I’m still concerned about sending more funds out into the market for one fundamental reason: Rampant energy inflation.

The US economy is on the ropes but it’s not in recession, according to Commerce Department data on growth from January to March.

This from the AP news wire:

The country’s economic growth during January through March was the same as in the final three months of last year, the Commerce Department reported Wednesday. The statistic did not meet what economists consider a definition of a recession, which is a contraction of the economy.