As the economy continues to grow at a moderate pace and promote the exchange of goods worldwide, transportation exchange traded funds (ETFs) benefit. One ETF experiencing a high and healthy performance is the iShares Dow Jones Transportation Index (IYT), which is up 17.3% year-to-date. Its holdings include railroads, trucking, shipping and airline companies.
IYT has had a strong performance most of the year, as you can see in the chart below. This indicates that even though oil is at $75 a barrel, it hasn’t slowed down summer deliveries.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.