After bursting to a record high on New Year’s eve, January is quickly becoming a bit of a wipeout. Despite today’s positive move, the Dow Jones Industrials (^DJI) is down over four percent in 2014, as emerging market jitters rocked stocks in ways not seen in two years.“The one rule of Wall Street that I always adhere to is, the […]
In our last article we noted that several CEOs from the shipping space are cautiously optimistic. While cautious optimism is not usually grounds for excitement, the past several years have shown near chronic negativity from shipping CEOs so any shift in language is worth considering. Moreover, the Baltic Index (an index of shipping rates) recently hit multi-year highs while prices […]
Homebuilders have been on everyone’s radar lately, and for a good reason: They have been outperforming the S&P500 by a wide margin. The good news is that the rally has been propelled by an improvement in the industry and company fundamentals. The bad news is that the last time the sector was on everyone’s radar was 2007. We all know […]
