One of the recurring topics we have focused on extensively in the past few months has been the dramatic collapse of all shipping-related metrics when it comes to seaborne trade with China, from the recent record plunge in the Baltic Dry index...
... to Shanghai Containerized Freight...
... both of which are taking place even as China exports record amount of commodities to the outside world...
The Sanders campaign tests how much we really believe the American people will share our critique of corporate dominance if they ever really get to hear it.
Back on September 9, S&P threw Brazil in the junk bin.
“We anticipate that within the next year [another] downgrade could stem in particular from a further deterioration of Brazil's fiscal position, or from potential key policy reversals given the fluid political dynamics, including a further lack of cohesion within the cabinet,” the ratings agency noted, explaining its negative outlook. “A downgrade could also result from greater economic turmoil than we currently expect either due to governability issues or the weakened external environment.”
Submitted by Lance Roberts via RealInvestmentAdvice.com,
The Rising Risk Of A Recession
It is often said that one should never discuss religion or politics as you are going to wind up offending someone. In the financial world it is mentioning the “R” word.
The reason, of course, is that it is the onset of a recession that typically ends the “bull market” party. As the legendary Bob Farrell once stated:
Initial and continuing claims surge dramatically and Crude slammed to 12-year lows inflation-adjusted, so energy stocks rip and lift stocks magically...
h/t @NorthmanTrader
Energy stocks love new multi-year lows in oil...
Longer term...
And led the entire market higher today... but a late-day collapse in crude (which looked like forced liquidation) spoiled the party