As we have stated a couple of days ago, as well as in the past, uncertainty and unsustainability is still the name of the game; John Faraclas on the latest market effects and geopolitics.
With a double arithmetical progression, the BDI closed seven points up at 567, as the Panamaxes’ BPI also produced one at 678 (a plus 12 points), but the volatility of the Capers and its BCI 2014 remaining put at 744 confirms our short and long term worries and support our past predictions and “criticism” that one or even two sizes doesn’t constitute a market, needless to say the volatility aspect.
Supras and Handies on a single figure plus modus, “elevated” the BSI and BHSI at 506 and 296 points respectively.
So, all in all ..a plus market but unsustainable!
The Wets and the last published BDTI and BCTI produced a 764 points (+ 9) and 504 (+6) respectively… Hmmmm!
The price of oil, the WTI struggling just above the US$ 42 something… and we believe that it might spike, or else…
The Geopolitical front worsens in all fronts; we have warned you on this. War might engulf many nations…
Have a nice evening!