Are The Semis And Transports Leading The Market To New Highs?
Bespoke Investment Group·2026-04-11·via All Articles on Seeking Alpha
Summary
For generations of market watchers, the Dow Jones Transportation Index was considered the ultimate leading indicator for the broader market.
For today's digital economy, the "leading" torch has been handed to the semis group, which we labeled "the Transports of the 21st century" years ago.
When both of these bellwether indices are breaking out to new all-time highs simultaneously, as they are right now, it's a signal worth paying attention to.
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For generations of market watchers, the Dow Jones Transportation Index was considered the ultimate leading indicator for the broader market. The idea was that if goods were moving, the economy was humming.
