Now here’s something you don’t see every day. Or any day. Because for the Dow Transports to collapse five consecutive days is, well – – it’s pretty cool. They’ve traversed their entire range in a single week. As God Intended.

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This means the big picture is interesting again because a failure of that range would be a big deal. Of course, few things speak to the real economy as does the transportation sector (as opposed to, let’s say, the pathetic mewings of Cathie Wood as she blames everyone but herself for creating the worst-performing fund in the entire country according to no less a source than Morningstar). It’s happening folks. The sins of the past quarter-century are starting to reveal themselves.

(Click on image to enlarge)