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For the fifth week of 2018 on February 2nd, both transports and broader markets were shellacked by concerns over inflation, namely increasing interest rates. Based on history, negative market trends during rising interest rate environments is not out of the ordinary. But what is not the focal point today, will be tomorrow’s reality. Multiple times markets have fallen during rising rates, especially when rates have increased by 30 to 50 percent over relatively short periods. But after these occurrences, markets have also set new highs.
The recent announcement from GDPNow for gross