Air-Rail Stock Ratio in U.S. Seen Lifting Off: Chart of the Day
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Airline stocks in the U.S. may have just started a liftoff relative to railroad shares that unfolded during the past three years, according to Jonathan Krinsky, chief market technician at MKM Partners LLC.
The CHART OF THE DAY displays a ratio of the Standard & Poor’s 500 Airlines Index to the S&P 500 Railroad Index since 2000, when a bull market ended.