How long can the stock market possibly stay completely disconnected from economic reality? On Monday, the Dow Jones Industrial Average rose just 27 points, but that was good enough to push it to yet another new all-time record high. Investors have been absolutely thrilled by the extremely impressive bull run that we have witnessed so far in 2019, but there is no way that this is sustainable. Wall Street may be celebrating for the moment, but meanwhile all of the hard economic numbers are telling us that we have now entered a new economic slowdown. Just like in 2008, it appears to be inevitable that the party on Wall Street is about to hit a brick wall, but nobody should be surprised when it happens. Everywhere around us there are signs of economic trouble, and right now companies are literally shutting down all over America.
For example, just take a look at what is happening to the trucking industry. I recently warned about the trucking "bloodbath" that was unfolding, and over the past week it has greatly accelerated.
On the 12th of July, we learned that trucking giant LME had abruptly shut down. The following comes from Zero Hedge…
Less-than-truckload carrier LME has reportedly "suddenly and abruptly" shut down its operations, according to FreightWaves.