“Davidson” submits:
Recession fears have a history of well-defined inventory reduction first seen as severe recession fear built in 2016 and lasted till the COVID shutdown raised trucking use rapidly. The last period of recession fear began roughly Dec 2021 and accelerated into a trucking slowdown beginning March 2022. The retailer response has been to keep tight control on inventories with low inventory to sales ratios. This was the beginning of the strongest prolonged bout of recession fear ever. Only recently have we seen the beginnings of easing the pessimism in sentiment indicators. Freightwaves.com has just declared the end of the trucking recession. The video is part of the story which may be worthwhile passing on to interested parties.
The Freightwaves people are ecstatic in this report and well worth the watch to have them walk you through their presentation.
The Great Freight Recession Is Officially Over
SUNDAY, NOV 10, 2024 – 02:00 PM
Freightwaves people indicate that the data turned up just prior to the Presidential election. However, they anticipate the new administration to be quite favorable to trucking demand. I see this as a signal first expressed by Marcus Leonis in the 2Q24 Camping World Holdings(CWH) and then repeated again in the 3Q24 Beyond(BYON) earnings report that he was seeing a positive trend in retail that had not been present for 30mos.
Recent sale suggestions provide capital to snug-up positions in CWH, LCII, THO, BYON and any other issue that is currently below the 2%-3% range. There is a positive and infectious turn higher in all issues likely the next few years as investors buy into economic expansion.