Insights

Stock Markets Approach all Time Highs While Transportation Stocks Continue to Lag

Kingsview’s Senior Vice President and Portfolio Manager, Paul Nolte, spoke with Reuters and addressed the concerns for the transportation stocks.

Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago, said that before he expressed broader concern, he would keep an eye on how transports trade following earnings season.
“If they continue to lag I would be a little bit more concerned about it, especially if we see weakness in the economic numbers that get released this week,” Nolte said.

Read the full story here:
http://markets.businessinsider.com/news/stocks/r-sluggish-transports-curb-enthusiasm-for-us-stock-market-rally-2017-5-1001966396