— touched 11,000 in November but failed to break above it. It needs to rally 4% to reach it again.
"The thing is if we break out of that, that still won't take us to new all-time highs. That's still 8% from where we're trading right now," Maley said. "There's no question we're going to need this group to see new highs if the market's going to see a nice rally in 2020 like it usually does an election year.""Here's a stock that's at the $180 level. That's going to be the key level to watch.
Michael Bapis, managing partner of Vios Advisors at Rockefeller Capital Management, says it pays to be selective in transports rather than blanket buying. "We think there's a dichotomy in the space. I mean you have some of these transport companies that are feeling the Amazon effect like FedEx, like UPS and how all of that shakes out, but then you have the airline companies who are in consolidation, are going to further consolidate and they're a beneficiary of a growing economy and then you have a company like Union Pacific that's just done great," Bapis said during the same segment.
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