--- title: Friday Fast Five - 8/16/2024 description: We aim to help investors separate the news from the noise by providing our perspective. Every Friday the Hodges Capital research analysts list the five most interesting things they discovered that week. Subscribe to receive the Hodges Friday Fast Five in your inbox every Friday. image: https://blog.hodgescapital.com/hubfs/Hodges-FridayFastFive.jpg --- [![Hodges-Logo-1](https://blog.hodgescapital.com/hs-fs/hubfs/Hodges-Logo-1.png?width=215&height=98&name=Hodges-Logo-1.png "Hodges-Logo-1")](https://www.hodgescapital.com/) [![Connect With Us](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/9402040/5025aacb-6e9a-4ab0-8651-1dfa57e962c6.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/9402040/5025aacb-6e9a-4ab0-8651-1dfa57e962c6) ** ** [![](https://blog.hodgescapital.com/hs-fs/hubfs/Hodges-Logo-1.png?width=521&height=237&name=Hodges-Logo-1.png)](https://blog.hodgescapital.com/) [![Connect With Us](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/9402040/5025aacb-6e9a-4ab0-8651-1dfa57e962c6.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/9402040/5025aacb-6e9a-4ab0-8651-1dfa57e962c6) ** ** **Menu** ** ** ![Outside 1-1-2](https://blog.hodgescapital.com/hs-fs/hubfs/Outside%201-1-2.jpeg?width=4106&name=Outside%201-1-2.jpeg "Outside 1-1-2") # Hodges Friday Fast Five *"In the investment business, you go to school every day, but never graduate." - Don Hodges*   # Friday Fast Five - 8/16/2024 by [Hodges Investment Team](https://blog.hodgescapital.com/capital-fast-five/author/hodges-investment-team), on August 16, 2024 Five interesting things that Hodges Capital research analysts discovered this week... **#1 ****SHIPPING RATES: **The Stephens Truck-Load Index, which measures trucking revenue per mile for public carriers, was down 3.3% year-over-year in the 2Q24 due to an oversupply of capacity. However, seasonal trends and improving import demand could support better rates in the second half of the year. **#2** **YIELD CURVE: **The yield curve has been inverted for 25 consecutive months without a recession, the most prolonged period by four months going back to 1954. Such inversions (short-term interest rates higher than long-term rates) have historically signaled a coming economic slowdown. (Source data: The Conference Board) **#3 ****INFLATION EXPECTATIONS: **According to The New York Funds Survey of Consumer Expectations, consumer expectations for inflation over the next three years have reached the lowest level since 2012 at 2.3%.  **#4 ****BLACK GOLD: **OPEC forecasts that crude oil demand will exceed pre-pandemic levels in 2024; global daily oil production is expected to be just over 4% higher than in 2019.**    ** **#5 ****LUCRATIVE TEEN JOBS: **With teen labor participation hitting a 14-year high in May, data from payroll platform Gusto found that hourly wages for workers aged 15-19 years hit $15.68 in June, up more than 36% from the start of 2019. According to Fed data, this increase outpaced the growth rate for workers of all ages on private payrolls, which climbed just under 27% across the same period.    *HCM is an Investment Advisory Firm registered with the Securities and Exchange Commission (“SEC”), is a wholly owned subsidiary of Hodges Capital Holdings and serves as investment advisor to the Hodges Funds. HCM is affiliated with First Dallas Securities, Inc, a broker-dealer, and investment advisor registered with the SEC.* *This discussion is not intended to be a forecast of future events and should not be considered a recommendation to buy or sell any security. Past performance is not indicative of future results. Investing involves risk. Principal loss is possible. Investing in smaller companies involves additional risks such as limited liquidity and greater volatility. No current or prospective client should assume that information referenced in this communication is a recommendation to buy or sell any security or is a substitute for personalized investment advice from your individual advisor. HCM does not provide tax or legal advice. Consult your tax or legal advisor for any related questions.* *All information referenced herein is from sources believed to be reliable and is provided as general market commentary and does not constitute investment advice. This material was created for informational purposes only and the opinions expressed are solely those of HCM. HCM shall not in any way be liable for claims and makes no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information. The data and information are provided as of the date referenced and are subject to change without notice.* ### Hodges Friday Fast Five We aim to help investors separate the news from the noise by providing our perspective. Every Friday the Hodges Capital research analysts list the five most interesting things they discovered that week. Subscribe to receive the Hodges Friday Fast Five in your inbox every Friday.  - [Recent](https://blog.hodgescapital.com/capital-fast-five/8/16/2024#recent) - [Topics](https://blog.hodgescapital.com/capital-fast-five/8/16/2024#topics) - [Archive](https://blog.hodgescapital.com/capital-fast-five/8/16/2024#archive) - [June 2023 (11)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/06) - [July 2023 (5)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/07) - [September 2023 (5)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/09) - [August 2024 (5)](https://blog.hodgescapital.com/capital-fast-five/archive/2024/08) - [August 2025 (5)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/08) - [October 2025 (5)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/10) - [January 2026 (5)](https://blog.hodgescapital.com/capital-fast-five/archive/2026/01) - [December 2021 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2021/12) - [August 2023 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/08) - [October 2023 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/10) - [December 2023 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/12) - [January 2024 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2024/01) - [February 2024 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2024/02) - [March 2024 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2024/03) - [April 2024 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2024/04) - [May 2024 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2024/05) - [June 2024 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2024/06) - [September 2024 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2024/09) - [October 2024 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2024/10) - [November 2024 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2024/11) - [March 2025 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/03) - [April 2025 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/04) - [May 2025 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/05) - [June 2025 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/06) - [September 2025 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/09) - [November 2025 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/11) - [December 2025 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/12) - [February 2026 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2026/02) - [March 2026 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2026/03) - [May 2026 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2026/05) - [March 2023 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/03) - [November 2023 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/11) - [July 2024 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2024/07) - [December 2024 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2024/12) - [January 2025 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/01) - [February 2025 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/02) - [July 2025 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/07) - [April 2026 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2026/04) - [June 2026 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2026/06) - [February 2023 (2)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/02) - [April 2023 (2)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/04) - [April 2021 (1)](https://blog.hodgescapital.com/capital-fast-five/archive/2021/04) - [June 2021 (1)](https://blog.hodgescapital.com/capital-fast-five/archive/2021/06) - [November 2021 (1)](https://blog.hodgescapital.com/capital-fast-five/archive/2021/11) [More...](https://blog.hodgescapital.com/capital-fast-five/8/16/2024#) ### Subscribe to the Hodges Friday Fast Five Hodges Capital Management, Inc.  2905 Maple Avenue Dallas, TX 75201   Toll Free: [(888) 878 4426](tel:+18888784426) Local: [(214) 954-1177](tel:2149541177)   [Regulatory Disclosures](https://www.hodgescapital.com/advisory-disclosures)   ## Contact Hodges Capital Copyright © 2023 | Hodges Capital Management | All Rights Reserved. Web Site Development by: [Goodwood Consulting](https://www.goodwood-consulting.com/) [Terms & Conditions](https://blog.hodgescapital.com/hubfs/Footer%20Links/HCM_Terms%20and%20Conditions_website_%202023_FINAL.docx) | [Privacy Policy](https://blog.hodgescapital.com/hubfs/Footer%20Links/Privacy_Policy.docx) | [Cookies Policy](https://blog.hodgescapital.com/hubfs/Footer%20Links/Cookies_Policy.docx) | [SMS Privacy Policy](https://www.hodgescapital.com/sms-privacy-policy) | [SMS Terms of Use](https://www.hodgescapital.com/sms-terms-of-use) ## Hodges Mutual Funds You are now leaving the Hodges Capital website and entering the Hodges Funds website. Do you wish to continue? [Yes](https://hodgesfunds.com/) ## Hodges Private Client You are now leaving the Hodges Capital website and entering the Hodges Funds website. Do you wish to continue? [Yes](https://www.hodgescapital.com/hpc) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Hodges Investment Team", "url" : "https://blog.hodgescapital.com/capital-fast-five/author/hodges-investment-team" }, "dateModified" : "2024-08-16T12:00:00.429Z", "datePublished" : "2024-08-16T12:00:00.000Z", "headline" : "Friday Fast Five - 8/16/2024", "image" : [ "https://blog.hodgescapital.com/hubfs/Hodges-FridayFastFive.jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.hodgescapital.com/capital-fast-five/8/16/2024", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.hodgescapital.com/hubfs/Hodges-Capital-Color-1.png" }, "name" : "Hodges Private Client" } } ```