Classic short setup for CSX railroad here. It just so happens other railroads are also showing bearish formations with imminent resolution - most likely to the downside - ahead.
Remember: we are at 3.6% unemployment - a rate that has remained historically unsustainable, and elusive if not unattainable - for the last 75 years.
Combining the "large-time-frame" bearish formation of CSX and the current status of the long-run labor market, I think we have a strong case for a weak aggregate demand.
Not to mention, oil has been selling off for a year, despite higher unemployment. So... what gives?
Remember: we are at 3.6% unemployment - a rate that has remained historically unsustainable, and elusive if not unattainable - for the last 75 years.
Combining the "large-time-frame" bearish formation of CSX and the current status of the long-run labor market, I think we have a strong case for a weak aggregate demand.
Not to mention, oil has been selling off for a year, despite higher unemployment. So... what gives?
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