Total N. American rail traffic slipped 9K cars last week to 659k.
While traffic slipped last week it remains solidly above 2011 levels and the usual week 5-6 volatility we have seen during the previous two years was essentially absent this year (see red circles in chart below).
The Bedford Park Opportunities Fund returned 13.5% net of all fees and expenses in the second quarter of 2021, bringing its year-to-date return to 27.6%. Q2 2021 hedge fund letters, conferences and more In the fund's second-quarter investor letter, which ValueWalk has been able to review, Jordan Zinberg, the President and CEO of Bedford Read More
This means the 4-weeks moving averages for 2012 are even higher than the week to week comps would suggest. This is more continued good news for Q1 GDP and the continuing of the recovery.