The tweet was deleted by the author.
But we saved everything 🙂.
Luke Gromen, industry influencer, reports a notable divergence in U.S. rail traffic trends. Commodities and industrials, representing 45% of carloads, are performing strongly year to date, while intermodal shipments—standing in for consumer goods and accounting for 55% of carloads—are nearly flat at just a 0.4% increase.
He also notes that last year's Liberation Day led to inventory-loading distortions, suggesting some seasonal factors may affect the current figures.
Gromen has previously commented on shifts in major asset values. He noted that gold remains undervalued and may need to rise 2-3x to revert to levels seen in previous bloc eras. In another post, he pointed out that CIPS payments more than doubled and gold surged after the U.S. froze Russia's FX reserves in 2022. These observations follow his ongoing coverage of macroeconomic indicators.