John N. Faraclas
Once again it seems that the Market is losing steam amid the coming Geopolitical Armageddon. John Faraclas’ daily briefing:
The BDI (Baltic Dry Index) managed to clinch ten points but the omens don’t look promising for the short run and that’s until after the Chinese New Year. The dog’s barking cannot be heard yet…
The Capes lost six points and now the BCI reads 2,820…
The Panamaxes’ BPI was up four points at 1,428…
The Supras’ BSI gained three points – now at 889…
Loses for the Handies with the BHSi down two points at 592…
All in all: CAUTION for the Dry Sector…
The Wets too losing steam with mixed feelings though; the last published BDTI (Dirties) and BCTI (Cleans) stood at 682 – plus two, and 646 – minus ten respectively…
The WTI has gone …“over the top” and as these lines are being written stands at US$63.11 – Ultra CAUTION should be observed.
A bit better days for the Containerships; there is though a long way to go as we need to see the end of the real credit crunch which …disabled the consumers all over Planet Ocean and conversely making it impossible for them to go for a …buying spree…
The WTI has gone …“over the top” and as these lines are being written stands at US$63.11 – Ultra CAUTION should be observed.
The Geopolitics are still explosive and we might soon live the point of no return on many hot spots and issues.
Reverting later on with all important news; the MIGRANTS, The Wars in Syria and Iraq, Turkey, Greece, Cyprus, BREXIT and Theresa May’s reshuffle, The USA, The Korean saga and many more. Until then be on guard from actions emanating from Pirates and Terrorists Worldwide…
