An exchange-traded fund that tracks the S&P Transportation Select Industry Index.
AI-generated insights about SPDR S&P Transportation ETF from various financial sources
Viewed as a critical leading indicator for the PMI and the economy. It is breaking out of a 'big base' and its year-over-year turn positive historically precedes higher economic activity.
Viewed as a critical leading indicator for the PMI and the economy. It is breaking out of a 'big base' and its year-over-year turn positive historically precedes higher economic activity.