John Faraclas
Volatility knocks with Capes’ fall
The BDI (Baltic Dry Index) lost 63 points earlier on today “thanks” to the as ever volatile Capes who lost 153 points. Geopolitics continue to deteriorate… John Faraclas’ midweek recap:
The BDI was down at 2,053 points and if same goes below the 2,000 mark that will be detrimental for all in the Markets – both Dries and Wets!
The Capes triple digit fall brought the BCI down to 3,829 points… CAUTION!
The Panamaxes just on …“even keel” with the BPI down...
http://www.allaboutshipping.co.uk/2019/09/25/volatility-knocks-with-capes-fall/