Today’s Must-See Chart
If you need extra proof that things are getting “less bad” in the stock market and the economy, you need to see today’s chart.
Over the past three months, we’ve run a handful of charts that display how things – while not “great” – are getting “less bad.” For example, we’ve noted the solid price strength in the important U.S. financial stock fund (XLF), Home Depot, and transportation stocks. Make sure to count the price action in Wyndham Worldwide as a sign as well…
#-ad_banner-#Wyndham Worldwide is one of the most important stocks you’ve never heard about. It’s the world’s largest hotel chain. Brands here include Super 8, Howard Johnson, Ramada, and Days Inn. Wyndham owns several “upscale” hotel chains as well.
The profits and share prices of hotels rise and fall with America’s propensity to take business trips and vacations. As you can see from today’s chart, Wyndham has climbed from $32 to $43 per share (a 34% gain) in just four months. This tells us that businesses and families are plenty able to take trips right now.
No one can say exactly how long this big trend will last, but for right now, the trend for the economy in general is UP.