Transports Diverge from S&P 500 – Pullback Coming?

Transports Diverge from S&P 500 – Pullback Coming?

Dow Theory posits that the stock market is on the upswing when the Dow transportation average and the Dow industrial average make new highs, either at the same time or shortly after one another.

It is predicated on the idea that in an economy, transports deliver what industrial companies produce, and so one index will move in tandem with the other…