United Parcel Service served as one of our canaries in the coal mine, signalling that the real economy was much weaker than what the Biden administration was reporting. The figures presented were positively skewed, masking the harsh reality that we were all facing difficult times.
We recognized the head and shoulders topping pattern and warned that an economic disaster was approaching us. This ultimately led to the Trump tariff panic that caused the collapse of equities.
The thesis indicated a lack of confirmation regarding rising index prices; however, consumers were feeling the pressure, which manifested in reduced consumption and, consequently, fewer deliveries.
A modern Dow Theory if you will.
As we near new peaks in the stock market, I am convinced that our economy is on a much more solid foundation, poised to benefit Main Street instead of just a handful of monopolistic tech giants. Since equities are forward-looking, stocks are anticipating an exhilarating 2026!
I believe UPS will confirm this economic recovery as we head towards my long anticipated and forecast DOW JONES price of 64,000 likely by 2030.
We recognized the head and shoulders topping pattern and warned that an economic disaster was approaching us. This ultimately led to the Trump tariff panic that caused the collapse of equities.
The thesis indicated a lack of confirmation regarding rising index prices; however, consumers were feeling the pressure, which manifested in reduced consumption and, consequently, fewer deliveries.
A modern Dow Theory if you will.
As we near new peaks in the stock market, I am convinced that our economy is on a much more solid foundation, poised to benefit Main Street instead of just a handful of monopolistic tech giants. Since equities are forward-looking, stocks are anticipating an exhilarating 2026!
I believe UPS will confirm this economic recovery as we head towards my long anticipated and forecast DOW JONES price of 64,000 likely by 2030.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.