Transports see best January in six years, but traders hedge for the worst
Transports are delivering solid gains so far this month. The IYT transportation ETF IYT is tracking for its best January since 2013 with stocks like Avis Budget CAR , Union Pacific UNP and JetBlue JBLU moving higher. Stacey Gilbert , head of derivative strategy at Susquehanna, said that while she does not anticipate a recession, activity in the options market suggests investors are protecting against any possible economic downturn this year.