The BDI subjected to Capes’ volatility whilst everything else dives!
The BDI might have gone over and above the 1,000 point threshold – being not just a psychological barrier but even beyond that, at the same time though proves all along our two-fold view that one size cannot and is not constituting a or the Market and that the Dry Market in its entirety lacks steam! Geopolitics too as we expected become messy with a possible despicable civil war or… whatever in Venezuela, a country hit badly by hard core dictators strangulating the Venezuelan people and supported by ultra-narrow-minded lefty loonies and other despicable characters… John Faraclas daily recap:
The BDI gained 98 points and now stands at 1,011 thanks to the as ever volatile Capes whose BCI gains skyrocked the market. The BCI was up 392 points and now stands at 1,276 – the second index after the BDI to go over and above the 1,000 point threshold. It’s nearly 50 centum up in two days!!!!
All the other indices fell; the Panamaxes’ BPI was down one point and now reads 1,188.
The “mighty” Supras after a good time saw its BSI lose nine points and now stands at 768 points.
Down with the Handies’ BHSI now at 384 – minus two points….
C A U T I O N !!
A falling day for both Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 638 – minus two and 581 – minus three points respectively.
The WTI as these lines are being written stands at US$ 63.91 – slightly up since yesterday and still this side advises CAUTION!
The Geopolitical situation is intolerable in all fronts:
MIGRANTS still on top of all issues…
BREXIT: about to make new headlines… Expect whatever your wildest dreams can produce!
The Euro Elections: very crucial and watch out the rise of all 28 countries right wing parties coupled with ultra nationalism…
What caused the fire on under construction Turkish aircraft carrier? Obviously now all will focus of this naval built-up by Turkey… What’s up with president Erdogan and his “modern” Turks? CAUTION!
In Spain the political bull-fight is on on how best to form a government; one thing is sure though: the low percentage of the political parties’ capabilities as NONE gained over 30 centum. A country is tatters as no one in any coalition can perform its manifesto… CAUTION. Caution also as VOX got in!!! Indeed its time Europe gets the punishment on wrong policies giving rise everywhere with the right and far right gaining many seats – entering the parliaments will cause issues!
At the other side of the Atlantic in the USA, president Trump steps up his criticism on the Fed to reduce interest rates by one centum! Let’s see how the president responds in many more issues. Watch this space! In the meantime ERA – Equal Rights Amendment “returns” on Capitol Hill after 36 years after its last hearing and a century since the amendment to guarantee EQUAL RIGHTS for Women was first introduced in Congress!
Have a nice evening and remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean! Get ready for a great May Day tomorrow!