Rail Traffic Points To Stronger GDP Growth

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Rail Traffic Points To Stronger GDP Growth

Total N. American rail traffic came in at 760k carloads last week just off the all time high (764k carloads) set a few weeks ago. What is interesting about the number is that we would expect it to be much lower heading into the last two weeks of the year. The chart below shows previous years have featured far more pronounced downtrends heading into year end while we currently are basically flatlined (down .05%)

What this does tell us is that we are still seeing a stronger that normal year end from a rail standpoint and that correlates to a stronger GDP reading etc…

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Screenshot 2021 09 18 09.22.32Clint Carlson's Carlson Capital Double Black Diamond fund returned 3.34% in August net of fees. Following this performance, the fund is up 8.82% year-to-date net, according to a copy of the firm's August investor update, which ValueWalk has been able to review. On a gross basis, the Double Black Diamond fund added 4.55% in August Read More

Clearly we will have to wait and see if this is simply a one off event but we are not supposed to be seeing readings this high at this point in the calendar……that we are can only be good news.

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Todd Sullivan is a Massachusetts-based value investor and a General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer support his thesis. His blog features his various ideas and commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain’s NY, Kiplingers and other publications. He has also appeared on Fox Business News & Fox News and is a RealMoney.com contributor. His commentary on Starbucks during 2008 was recently quoted by its Founder Howard Schultz in his recent book “Onward”. In 2011 he was asked to present an investment idea at Bill Ackman’s “Harbor Investment Conference”.

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