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Brent. Actually a good sign here that $50 is some kind of support. Volatility is still relatively high compared to 3y ago. It doesn't look like the beginnings of a rally to me, but I get the impression that most oil market participants would just settle for some short term price stability and are very tired of the rollercoaster.
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BDI. Shipping has come way off, which is not a great sign, looking back on the chart it does look like a number above 800 has been supportive of equity prices so will be watching this level closely to see how we move around it.
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No major updates to sentiment as only small shift has occurred with some investors moving away from a bearish 6 month outlook into neutral.

No major updates to valuations, although it will be interesting to see updated data as the US earnings season rolls through.

Bonus chart: total US capacity utilisation YoY % change, from FRED.
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<blockquote data-quote="sinner" data-source="post: 887608" data-attributes="member: 21771">Brent. Actually a good sign here that $50 is some kind of support. Volatility is still relatively high compared to 3y ago. It doesn&#039;t look like the beginnings of a rally to me, but I get the impression that most oil market participants would just settle for some short term price stability and are very tired of the rollercoaster.[ATTACH]64770[/ATTACH]BDI. Shipping has come way off, which is not a great sign, looking back on the chart it does look like a number above 800 has been supportive of equity prices so will be watching this level closely to see how we move around it.[ATTACH]64771[/ATTACH]No major updates to sentiment as only small shift has occurred with some investors moving away from a bearish 6 month outlook into neutral. No major updates to valuations, although it will be interesting to see updated data as the US earnings season rolls through.Bonus chart: total US capacity utilisation YoY % change, from FRED. [ATTACH]64772[/ATTACH]</blockquote>

[QUOTE="sinner, post: 887608, member: 21771"] Brent. Actually a good sign here that $50 is some kind of support. Volatility is still relatively high compared to 3y ago. It doesn't look like the beginnings of a rally to me, but I get the impression that most oil market participants would just settle for some short term price stability and are very tired of the rollercoaster. [ATTACH]64770.vB[/ATTACH] BDI. Shipping has come way off, which is not a great sign, looking back on the chart it does look like a number above 800 has been supportive of equity prices so will be watching this level closely to see how we move around it. [ATTACH]64771.vB[/ATTACH] No major updates to sentiment as only small shift has occurred with some investors moving away from a bearish 6 month outlook into neutral. No major updates to valuations, although it will be interesting to see updated data as the US earnings season rolls through. Bonus chart: total US capacity utilisation YoY % change, from FRED. [ATTACH]64772.vB[/ATTACH] [/QUOTE]

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