Normally U.S. airlines compete to sell tickets and fill seats during the peak summer travel season. But operators of the grounded Boeing 737 MAX are facing a different problem: scarce planes and booming demand.
If the final bull-market end is deflationary in nature, the NYSE bond-like securities will be stronger for longer, negating some (all?) of the A/D Line’s predictive value. Its oddly robust behavior during the recent top-heavy market hints this deception may already be at work.