The Russell 3000 Index Trucking Subsector (RGUSPTK) has dropped over 10%. Meanwhile,

 the S&P 500 Trucking Index (SP500-20304020) down ~11% and the Nasdaq Combined Transportation Index (TRAN) down over 5%.

According to a Bloomberg report, trucking and logistics stocks fell amid weak outlook from retailers, including Target (TGT), which saw higher fuel and freight costs in Q1.

All of this could have been predicted in mid 2020, when the signs became apparent that control over crude production and refining was being consolidated, so it could later be tightened. For purposes of timing, we can now see a rough benchmark of two years from the first signs of consolidation to the effect on the trucking index.

Some will argue there are other forces at work beyond the increase in fuel costs, and that is undoubtedly correct. But as spies say in intelligence work, nothing is coincidence when it benefits the enemy. Whoever decided to raise energy costs, knew this was coming, and likely was aiding those other factors to join in and produce this predictable change in value.

If you understand this, if you understand the script, you will know what act comes when.