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'Hey boss, look... CPI missed by 10bps, should we buy Trucking stocks in a recession?'

Coaching Notes:

1. The only people buying this KNX Trucking Stock today are the inexperienced hedgies who shorted the bloody thing lower and are getting tapped on the shoulder today

2. When I said I'm going to "Short Stuff" this morning ... this is what I meant. And there's a LOT of Cyclical Stuff like this that got smoked from JUL-OCT 2023 as the world realized we were entering an Industrial Recession (XLI)

3. That 10-18bps of CPI surprise changes nothing about that,

KM

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