Amazon's Logistics Bombshell Just Crashed Dow Transports Into A Bear Market
The Dow Jones Transportation Average, tracked by the State Street SPDR S&P Transportation ETF (NYSE: XTN ), fell 4.5% Monday, bringing its decline to nearly 21% from its late-April peak. By the standard convention, that qualifies as a bear market. Two weeks ago, the index’s plunge looked like a statistical mirage: a single short-squeeze unwind...