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).
Voss Capital is betting on a housing market boom
The Voss Value Fund was up 4.09% net for the second quarter, while the Voss Value Offshore Fund was up 3.93%. The Russell 2000 returned 25.42%, the Russell 2000 Value returned 18.24%, and the S&P 500 gained 20.54%. In July, the funds did much better with a return of 15.25% for the Voss Value Fund 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.