The Dow Jones Transportation Average
Three new live charts
If you aren’t familiar with the Dow Jones Industrial Average, then you may have been living under a rock for the last hundred years:
A lot of people, however, are less familiar with the Dow Jones Transportation Average, which is actually older than the Dow Jones Industrial Average and originally tracked the popular railroad stocks of the 1880s:
The transportation index has evolved since the railroad heyday to include trucking, logistics and other things that didn’t exist when it first started like airlines. It’s useful as an index on its own and also as a metric relative to the industrial average:
The Dow Jones Industrial Average / Transportation Average ratio tends to rise prior to and during periods of economic and market weakness. Companies in the regular Dow make stuff and transport companies move stuff, so if the former is rising while the latter is not, it suggests there is a backlog that isn’t flowing through the economy properly.
Lately, the ratio has continued to fall since the COVID crash, which is a good sign! And, if you want to check in on the ratio periodically going forward, I’ve set up some live chart links below and will make some stand alone metric webpages for these charts in the near future!
Links
Yesterday’s Post | Most Popular Posts | All Historical Posts | Contact
Tracking Portfolios
Overall Comparison | Wild Stuff - Chart | Shiny Stuff - Chart | Safe Stuff - Chart | Big Stuff - Chart | Random Stuff - Chart
Live Charts
Ten-Year Treasury Less Two-Year Treasury | Ten-Year Breakeven Inflation Rate | S&P 500 | S&P Rolling All-Time High | S&P 500 Drawdown | S&P 500 Rogue Wave Indicator | S&P 500 Moving Averages | S&P 500 / 200-Day Moving Average | S&P 500 / 50-Day Moving Average | S&P 500 50-Day Moving Average / 200-Day Moving Average | S&P 500 Relative Strength Index | CBOE Volatility Index (VIX) | Three-Month USD LIBOR | Three-Month Treasury Bill (Secondary Rate) | TED Spread | Price of Bitcoin | Bitcoin Rolling All-Time High | Bitcoin Drawdown | Bitcoin Rogue Wave Indicator | Nasdaq Composite Index | Nasdaq Composite All-Time High | Nasdaq Composite Drawdown | Nasdaq Composite Wave Indicator | Nasdaq Composite Moving Averages | Nasdaq Composite / 200-Day Moving Average | Nasdaq Composite / 50-Day Moving Average | Nasdaq Composite 50-Day Moving Average / 200-Day Moving Average | Nasdaq Composite Relative Strength Index | Moody's Seasoned Aaa Corporate Bond Yield | Moody's Seasoned Baa Corporate Bond Yield | Moody’s Aaa less Baa Corporate Bond Yield | Dow Jones Industrial Average | Dow Jones Transportation Average | Dow Jones Industrial Average / Transportation Average