Just catching up on an update from last week. The latest rail data showed a continued downward trend in momentum, but coming off of very strong weekly readings over the last 2 months.
The current 12 week moving average is down to 7.2% which is well off the highs of 9.4% from early June.
If rail is an indicator of broader macro trends then this continues to point to a strong Q2 rebound in economic growth.
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.