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BLOOMBERG Whatd You Miss July 13, 2024

Abigail underperformance, major averages at the dow and s p 500 relative to dow transports, look at that. The dow and s p 500 index recovering after the dow presser, dow transports however, not so much, lows down 2 at that point on pace for worst daily performance since august, has to do with weakness with c8 robinson, writer, logistics companies. When we put it into the context of the year to date chart, they are having a good year. They have0 index, traded in a directionally correlated manner for the most part. Now a bit of a divergence. The last one did not prove to be bearish for the s p 500, but it very much looks like we could see dow transports go back down into that range. It will be interesting to see if there is any connection with the s p 500 should that happen. The fed ratead of decision gold rallied, but then trimmed but then earlier gains when powell said they may put Monetary Policy on hold and assess the impacts of the economy on the reduction over the past three meetin

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