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