As we busy ourselves reliving the madness of December 1999, let us consider a “brown shoot’ in the form of Federal Express, which has lost over 10% of its value instantly because of the trifling nuisance of actual business performance and projections as opposed to, let’s say, Janet Yellen’s latest criminal scheme.
![](https://slopeofhope.com/wp-content/uploads/2023/12/slopechart_FDX-640x343.jpg)
Thus, anyone who ships anything is feeling the hit as well, such as our old favorite UPS.
![](https://slopeofhope.com/wp-content/uploads/2023/12/slopechart_UPS-1-640x343.jpg)
In fact, I’m more fond of UPS as a long-term short play than I am FDX.
![](https://slopeofhope.com/wp-content/uploads/2023/12/slopechart_UPS-1-1-640x343.jpg)
As the moment, for the first time in a decade, the equity futures are down this morning. This, couple with the fact that it’s raining hard where I live, has got my day off to a good start. I’ll see ya soon.
![](https://slopeofhope.com/wp-content/uploads/2023/12/rain-640x330.png)