It appears the earlier market rumor about a Chicago PMI of 53.6 that sent the SPOOs another leg lower were incorrect. Now if only the administration can please reconcile the drop in the economy with the PMI surge all will be forgiven. In the meantime stocks keep trading from headline to headline. Categories posting improvement include . . . → Read More: Chicago PMI At 62.3 Versus Expectations Of 56 Print
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Don’t panic – the fact that capesize operators are on the verge of losing money on charters and facing bankruptcy is irrelevant: China just announced the biggest export balance with the US on record. And that very credible number must surely mean all is good, and trade by Pacific Ocean rail is surging. In the meantime, . . . → Read More: Baltic Dry Index Drops 3.3% To 1,840 For 32nd Sequential Decline, Longest Drop In 9 Years |
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