The Mother of all Recoveries
“Sell in May and go away” is the truism in stockbroking but with the pandemic turning the world upside down, is this the year to “Buy in May and make ’em pay”?
A kind of vaccine giddiness has already spread through financial markets with analysts and traders salivating at “The Mother of All Recoveries” in spite of the colossal mountains of debt that governments are building to keep economies from imploding. The March US federal budget deficit hit USD 660 billion, the third largest on record. Don’t get too shocked by that number because April’s will be larger as only one third of the USD 1.9 trillion American Rescue Plan money has been spent.
The upshot of all this new dollar denominated cash in circulation is a weakening US dollar. Investors take that as a signal to pile into all kinds of non-share market dollar denominated assets. Ships have become more fashionable than at any time since the boom markets of 2005 to 2008.
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|Alliance with Solis|
We are happy to announce our alliance with marine technical specialists Solis Marine Consultants with whom we share a Chairman, Nigel Clark.
Together we offer combined commercial and technical advisory, due diligence and feasibility studies for investors in shipping.
For more information on Solis, click here.
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