FDX stock tumbled the most since 1980.    It's down 22% today. 

 

Two takeaways. 

 

Container shipping is a no go for me.    ZIM might look cheap but not if a leading indicator of transports like FDX came out with such a dire forecast. 

 

Secondly, I'm amazed that analysts are still foaming at the FED to raise another 100 basis points when clearly the leading indicators show we are headed for a recession and peak inflation is behind us.