FedEx Crashes & What It Means For The Broader Economy
Summary
FedEx shares plummeted following a slash to its earnings outlook, and the broader stock market has sold off sharply since then.
FedEx is a strong indicator of overall economic activity. The arguments around it being displaced by Amazon are incorrect.
Is FedEx a warning? I'd argue it's more of a sign of what we already knew. The economy is rapidly s…
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