John Faraclas
Mayday for the Markets, Geopolitics et al
The BDI (Baltic Dry Index) fell 40 points and now stands at 474 points. Geopolitics with the Recession getting worse and Coronavirus (COVID-19) “supporting” unemployment creates an unpleasant environment. John Faraclas’ brief daily recap:
The BDI lost the most psychological threshold that of 500 points and all thing being equal everything is now open…
The Capes’ BCI being the main culprit lost 169 points and now stands a 292 losing both thresholds – that of 400 and 300 points… and this might be the beginning of the minus situ…
Modest losses for the Panamaxes’ BPI now at 658 – minus nine…
“Rich” pickings for the Supras’ BSI now at 431 – plus eight, being the only size with a continuous rise…
Two points plus for the Handies’ dropping BHSI now at 230…
CAUTION for these uncertain times…
The Wets also underperforming as the euphoria evaporates… the last published BDTI (Dirties) AND BCTI (Cleans) stood a 868 – plus five points and 1,069 – minus 94, a very serious setback… CAUTION…
The WTI was down at US$ 24.14 but there is hope for a minor surge as otherwise lots of things will be at stake…
Boxships still suffering… don’t ask about the Cruise ships…
Geopolitically we are subjected to the worse possible Recession which is on an upturn mode, given the US$ 260 (threehundredandsixty) trillion World debt which coupled with the Coronavirus anathema will produce tsunamis we never experienced before – there is always that bloody (please excuse my French) first time…
All issues we cover still exist and even get worse with the MIGRANTS sending shivering messages all over…
The faulty zone from Gib to Afghanistan and from the Caucuses down to the Horn of Africa with Turkey being the spearhead of destruction must be monitored and contained as same might spill over, even harming Turkey’s backers “vested” interest in the region AND beyond… The EU lead primarily by Germany and NATO are responsible for all this mess Turkish president and his like creates…
The EU continues to be in disarray – BREXIT and too many other issues…
At the other side of the Atlantic – North and South incl Latin Central America things go even worse… We all expect to see what will happen with the November 2020 USA elections… Mind another melee in Argentina…
Africa, Asia incl the turbulent Subcontinent and Autralia remain with their existing problems…
Coronavirus shakes Planet Ocean with a deadly ferocity and we are sceptical in reading that measures are being relaxed… Lets see who will pay for taking these decisions in case things get worse… Russia and the Southern Hemisphere see a surge… other countries too. OK unemployment dangerously rises and in our humble view you haven’ seen anything yet!! C A U T I O N !!!! Leave greediness aside and concentrate in saving the humans on Planet Ocean. There are ways to go ahead in the new norm… but above all is Human Life that matters most!! Wake up before it is too late!!!
We sincerely hope that in all these dozen Webinars on Coronavirus (COVID-19), people can understand the seriousness of the situation and change!!!!
Have a nice evening and continue to remain on guard from actions emanating from Pirates, Terrorists, Criminals and any Business Hooligans whatsoever wherever you are on Planet Ocean.
