WTF Chart of the Day:
April 1, 2015 Atlanta Fed now sees 0% U.S. GDP Growth in Q1
Q1 "Growth" projections since February:
WTF Logic of the Day:
Barrons, March 30th
"MKM Partners technical analyst Jonathan Krinsky notes that of the S&P 500′s 24 sector groups, transportation has performed the worst, which would be the first time that’s happened during the first quarter since at least 1990 if they don’t recover."
Railroads
"The weakness in transports, however, is coming from railroad stocks like Canadian Pacific (CP) and Norfolk Southern, not airlines"
"Krinsky’s advice: Buy airlines...Unless, of course, airlines start falling as well, in which case all bets are off"
Two days later...
"The combination of a strong U.S. dollar, greater-than-expected capacity increases by non-U.S. airlines and decelerating global [gross domestic product] growth" is likely to lead to steeper declines in international passenger revenue per available seat miles (PRASM) for the group than currently expected.
Airlines
All bets are on.
