UPDATE Jan 3 2024

Is it a brave new world?

I got into a bit of a macro view with yesterday's post. I will delve a bit further into that when I discuss shipping and why I'm investing in that along with overseas commodity companies. But first, let's do the Markets.

Manufacturing PMI gets released 30 minutes after open (Purchasing Managers Index. A survey of how much manufacturing is going on based on purchase orders. It's a measure of strength in the manufacturing sector). JOLTS is also released at the same time. Job Openings and Labor Turnover Survey. The FEDs meeting minutes also get released during the day, 2 hrs before close. 

We could hit the top of that gap and bounce or move up. That would be around 16150.

$Micro 10-Year Yield Futures(JAN4) (10Ymain.US)$

from yesterday. we're back bitches.

in truth, I'm doing this post backward. It's 9:45 pm, and I'm going to write the portion about shipping first. 🚢  then I will sleep a few hours and wake up to do the Bearkets portion. *HA! 🤣 Bearkets was a complete typo, but I'm leaving it. That perfectly describes the markets. 🤣 oh, that's good 🤣😂🥲

⚠️  The signals are down. I do not think we are crashing, yet. My opinion can easily change in this environment 😆 I believe we are pulling back for another leg up, maybe as high as 525 by March? I'm not sure yet, I need to see this pullback complete.

Yesterday, i mentioned i was in shipping. Why I like shipping.

Because of the global unrest. This is the 1940s all over again. The cost to ship will go up because of the danger attached to it. Some companies will make huge sums of money running goods to places that are "dangerous." This will be both a boon and a bust. The key is to find the boons. Will shipping decrease because of the recession? Yes, absolutely goods will slow. But that won't fix the problem. The problem is outside the control normal processes. It is almost to the point of profiteers. Someone who will take huge risk for huge reward, running goods somewhere they shouldn't because someone needs it. The main funding for this will be governments. I want to align myself with companies in a position to do the most profiteering. This is not political for me, it's money. I don't give a s* if they want to run missiles to whomever (someone is going to do it, we might as well profit off of it). I'm looking for small companies with huge risk appetites and government connections. This especially means ships transporting around the South China Sea, Middle East, and the North Sea... Again, here are MY picks.

The shippers generally pay dividends, and a recession will punish them mercilessly. But the next 10 years or so is a shipping boom. With tons of risk.

Rats, I'm late, I wanted to have this out an hour ago. I had way more to discuss about shipping and overseas investments 😠 oh well, an excuse for a future post. Hopefully 😆

Be Safe, Be Careful, Be Wise

and as always

Good Luck