John Faraclas
Markets in a free fall
Markets in a fee fall amid Planet Ocean’s uncertainty
The BDI (Baltic Dry Index lost 51 points earlier on today and now stand at 1,731 points amid Planet Ocean’s worse uncertainty; John Faraclas brief recap:
The Capes’ BCI down 100 !! points at 2,978 losing the as expected the 3,000 points threshold!
The Panamaxes’ BPI down 31 at 1,543
The Supras’ BSI down 36 at 1,091..
The Handies’ BHSI down 13 at 591 losing the 600 point threshold.
The Wets falling too; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,040 – minus 15 and 693 – minus 18 points respectively.
The WTI fell 88 cents to US$ 54.18 !!
All in all NOT a nice state of things and we still wonder what’s next…
Geopolitics: more than messy in all fronts:
MIGRANTS still the number one issue…
The faulty line from Gib to Afghanistan and from the Caucusus to the Horn of Africa with its ten hot spots continue to give mega tremors and there are more to come…
Europe will pay a hefty price when the United Kingdom leaves… BREXIT will shake up all the markets. Let’s see first the outcome of the 12 Dec 20191 elections.
Will USA’s president Trump be impeached?
The Trade Wars are escalating…
More news tomorrow with the weekly recap.
WISTA International AGM and Conference in Cayman Islands which ends tomorrow, looks to become a success.
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; we are living in interesting times!
