SSW - Costamare Crushing Results Despite Trade War Hysteria
Image Credit: Costamare Homepage
Trade War Fears are Unfounded Hysteria
Shipping stocks performed terribly during 2018, with the bulk of their losses coming in Q4. This was one of the worst years on record for stock market performance, yet it occurred at the same time as rising earnings for nearly every sector of maritime shipping. Why this dislocation? The markets placed a disproportionate emphasis on the developing "US-China Trade War."
Shipping companies are most heavily represented on the US equity markets and due to significant weakness in institutional portfolios, American retail investor sentiment drives most