Shipping Rates Plunge, Commodities And Stocks May Follow

February 13, 2020
Chris Vermeulen
TheTechnicalTraders.com

 

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"...Reflectively, global shipping rates have collapsed over the past 30+ days as one of the first signs of the contraction in the global markets.  As of December 31, 2019, both Tanker and Dry-Bulk rates were hovering near $14,000 per day.  Now, this rate is near $2500 per day – a -82% decrease.  As you consider the broader aspects of this massive decrease in shipping rates, consider the global contagion event that may setup if the Belt-Road region is adversely hit with the Corona Virus...."

SHIPPING RATES PLUNGE, COMMODITIES AND STOCKS MAY FOLLOW

 

 

 

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