With minus 13 points the BDI (Baltic Dry Index) at 605 look likely to upset the markets; John Faraclas’ daily briefing:
The Capers continue to receive turbulences and today the BCI 2014 lost 49 points bringing the respective index at 799, breaking also the 800 points threshold. CAUTION!
The Panamaxes increased their losses to a double digit and the BPI lost a dozen points now standing at 596, below the 600 point-mark. CAUTION!
The Supras were up three points with the BSI reading at 571 and the Handies’ BHSI obtained just one and now it stands at 346
Diving is worse in comparison to sky fall; it is the water pressure that counts in physics and Oceanography… try to interpret this with the dry markets low this summer! The effect will be shuttering!
The Wets saw the BDTI lose 15 points – now at 716 but the Cleans’ BCTI did better with a plus eight points now standing at 495.
The WTI climbs towards the US$ 50 mark…
In the Geopolitical front the Greek arrangement with the Eurogroup is anything (not everything) but a deal… Pity! I will become more cynical and celebrate Nemesis strike when both sides (better say all sides) in this despicable strangulation of the Greek people, are punished by Nemesis! Shall we really opt for a total GREXIT? After all Greece is the only self-sustain country on Planet Ocean in all fronts if the 300MP’s and their predecesors go …home! We do make this statement and we will adhere to it!
BREXIT at the other end in Northern West Europe is also ante portas.
The Balkans are ready for another round on the battlefield…
The Syrian saga gets worse. We still urge all involved to smash ISIS here and now, before it is too late! The Migrants issue meantime, gets even worse in all fronts!
Turkey is like a cock when same is about to be beheaded…
In the USA all hope Hillary Clinton will make it and give a tough time to Donald Trump…
The Posidonia pre-events are on; Over 150 receptions and parties and events, including Sports are on! Don’t miss it!
That’s all for now, have a nice evening!