In order to identify early leadership investors should seek out the important bellwethers.
A market bellwether can be a leader in any given sector be it commodities, interest rates or global equity markets.
The term is derived from the Middle English Bellwether - which refers to the practice of placing a bell around the neck of a castrated ram - (a wether) in order that this animal might lead its flock of sheep.
UPS is a transportation bellwether because it is very economy sensitive.
We need the leadership of UPS - and we need it now!