In an article on ETFtrends.com, Max Chen writes that transportation stocks and sector-related ETFs that performed strongly early this year could be a bullish signal that the U.S. economy is on the mend after the pullback in late 2018. Chen says “the transportation sector is widely viewed as a gauge for economic activity since the companies transport the raw materials and goods that power the economy and manufacturing.” In March, the Federal Reserve announced that they will likely not raise interest rates this year, which could be positive for the airline industry and travel demand.
The article mentions several transportation sector ETFs that demonstrated positive performance for the year so far. One of those is the U.S. Global Jets ETF (JETS), which was up 11.6 percent year-to-date as of February 11. JETS is the only available pure-play ETF that focuses on the global aviation industry. Learn more about the fund by clicking the button below!
Read the full article, “Airline Stocks Are Flying High. Here’s Why,” on barrons.com.
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