BDRY News and Press, Breakwave Dry Bulk Shipping From 07/30/21

UST longs and/or USD shorts should not take solace in the GDP "miss". Nominal GDP registered a major 13% increase, while real GDP grew "only" 6.5%. Personal consumption expenditures rose 11.8%. The PCE deflator which adjusts nominal to real growth came in at 6.4%. Higher-than-expe...

Industrial production rose 0.4 percent in June, the eighth gain in the last nine months. However, manufacturing output, which accounts for about 75 percent of total industrial production, decreased 0.1 percent. All other industries combined (total excluding energy, high-tech, and moto...

Biden signed a major executive order on July 9 to fight anti-competitive behavior. The order primarily takes aim at detention and demurrage charges. The implications for the shipping industry do not seem to be significant, primarily given the constraints on restricting rates and a...

Logistical bottlenecks, caused by disruptions to ports, shipping lines and domestic transportation, have lengthened delivery times and further weighed on the supply shortage in some regions. Ports in Europe and the west coast of the U.S. remain congested. Congestion has also incre...

Gainers: FTSE China Bear 3X Direxion (YANG) +10.3%.Teucrium Corn (CORN) +9.7%.Technology Bull 3X Direxion (TECL) +9.7%.Ultra Bloomberg Natural Gas ETF (BOIL) +9.15%.Teucrium Soybean (SOYB) +8.8%.Losers: CSI China Internet Idx Bull 2X Direxion (CWEB) -10.8%.Breakw...

IvelinRadkov/iStock via Getty Images As the month ends for June and trading begins in July, investors can look back at the top-performing exchange traded funds for the month. Investors will see a mixed bag of names in the top-10 as major indices posted varying positive returns. One of the ETF...

Since being anointed the king of shipping trades last August, container rates have been on a gravity-defying climb to previously unheard of levels. Originally a supply-side driven bull market premise, the impact of consumer discretionary spending shift toward goods during/after Covid-...

Gainers: S&P Biotech Bull 3X Direxion (LABU) +21.7%.Breakwave Dry Bulk Shipping ETF (BDRY) +18.4%.Pharmaceutical & Medical Bull 3X Direxion (PILL) +14.5%.Ultra Nasdaq Biotech Proshares (BIB) +11.8%.Ultra DJ-UBS Natural Gas Proshares (BOIL) +11.6%.Losers: ...

Shipping rates and delays have increased since the start of Q2. There are delays of up to two weeks to get space on vessels. In China, shipping rates had eased from $10,000 per 20-foot box in Q1 to $5,000 per 20-f00t box on the European route in the spring. However, the rate is back u...

My Very Bearish rating on BDRY was “perfectly timed” as BDRY went on a two-month tear, taking it up almost 40% since my article was published before a recent pullback. While negative overall, my summary did say BDRY could be a good short-term play for investors with good...