FedEx CEO: "The Stock Market Is Very Bullish, But The Industrial Economy Doesn't Reflect Any Growth At All Worldwide"
However the real reason why Wall Street is angry, is because FedEx became the latest confirmation that there is something disastrously wrong with the recovery narrative, the same one that has pushed stocks to all time highs even as critical names such as Fedex, which are a leading indicator of global trade and commerce, remain in free fall.
So, it's really a tale of two economies and the stock market, of course, is very bullish, but the industrial economy does not reflect any growth at all, worldwide, to speak of.
https://www.zerohedge.com/markets/fedex-ceo-stock-market-very-bullish-industrial-economy-doesnt-reflect-any-growth-all