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ANDREWS PITCH-FORK  |  January 14, 2010
As FedEx Goes...
There's a saying. Have you heard of it? "As FedEx goes, so goes the rest of the market." FedEx is in the transportation business, moving manufactured goods to distribution centers and to retail outlets, among other things. The movement of goods from one point to another indicates a demand by consumers for these goods. As long as goods are being moved, there also exists a demand to manufacture goods. The manufacturing of goods, the transportation of goods, and consumer retail spending is good for the economy and the stock market.
by Alan R. Northam

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