Oil prices are collapsing, but trends in rail traffic are hanging in there. The latest weekly reading on rail traffic came in at 4.5% on a year over year basis and brought the 12 week moving average down to 3.6%. That’s the lowest reading since March of this year, but still solidly growing. It will be interesting to see how things pan out in the coming weeks/months, but for now this indicator appears to be hanging in there.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.