In singing someone else's song and making a buck from it? https://en.wikipedia.org/wiki/The_Gambler_(song)
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In singing someone else's song and making a buck from it? https://en.wikipedia.org/wiki/The_Gambler_(song)
Good news for Importers and exporters. The global freight rate index has crashed. Is it a another sign that recession is coming in 2024?
https://www.statista.com/statistics/...freight-index/
"Monthly container freight rate index worldwide 2019-2023
Published by
Martin Placek,
Jul 11, 2023
Container freight rates oscillated dramatically between January 2019 and June 2023. The year 2021 saw an especially steep increase in global freight rates, reaching a record price of nearly 10,400 U.S. dollars in September 2021.
In June 2023, the global freight rate index stood at almost 1,500 U.S. dollars."
Within few days Bond yields are down in the dumps ...But that goes unnoticed ...Only they making new highs or going up gets reported here ...lol
We will have more favourable data ahead then unfavourable ...as rates wud have started to work ...
So it makes logical sense to expect better times ahead ...though not straight up Covid type run ...but two steps ahead and one behind type...be rest assured it will have a clear pattern ...even for deeply imbibed bearish bias
Jan 2021 posts by many Gurus here including Mr B were very clear ...overall trend will be down for medium term as rates rise and then they hold to do their job ...2-4 years time span was discussed ...it did went just like that and now we are at the last leg of the journey ...whether it will end soon or will still linger for few months longer then originally anticipated doesn't matter much .
Fact remains macro direction of markets over medium term was very rightly forecasted and anticipated ...now unwinding of that will happen ...reverse direction of the markets can be and shud be anticipated in years ahead
Smart money is already well positioned to harness the gains ahead ...doubters will be the last to fall in line ...more we have better for bulls ...lol
bonds have fallen heaps last day's because US inflation came in much lower than expected
Inflation fell to its lowest annual rate in more than two years during June
https://www.cnbc.com/2023/07/12/infl...0respectively.