The Markets and Geopolitics : flotsam and jetsam

John Faraclas

The BDI’s fall continued despite the fact that there were some minimal gains from the Panamaxes, Supras and Handies which didn’t manage to contain the fall,  given the Capers 78 points loss; geopolitics too in a similar scene. John Faraclas’ midweek briefing:

The BDI lost 12 points and now reads 702 points – if it goes below the 700 point mark, everything is possible…

The Capers’ BCI 2014 lost these crucial may I say 78 points and now it reads 725 – again if the 700 points threshold are lost, things might go wild – let’s hope NOT as the effect will definitely be shattering!

The Panamaxes on a three points plus …so the BPI climbing to 934 points…

The Supras’ BSI gained two points and now stands at 665, and

The Handies’ BHSI gained three points – now reading 378 points; better than nothing.

Tough times for all sectors of the Dry Market; many will try to swim alone…

The Wets on a downwards modus; the last published BDTI (Dirties) and BCTI (Cleans) stood at 846 – minus ten, and 580 points – that’s minus two respectively.

The WTI at US$ 52,44 – not …bad… CAUTION for all for the well known reasons already explained in our reports…

The Geopolitical front continues to be more than enigmatic all over Planet Ocean. The dangers are ante portas!!!!!! The collapse of World Peace too… BREXIT proceeds further and GREXIT is ante portas unless the Greek Government saves the day and proceeds overnight with reforms! Reforms Right now is the message or else!

Be on guard for every eventuality.

Have a nice evening.