Airline stocks are the most overbought they ve been in years (SPY +0.3%). Rail week ending 13 February 2021 - a real bad week for rail.
Here is the current market situation from CNN Money
What Is Moving the Markets
Here are the headlines moving the markets.
How High Can Oil Really Go? Oil price revisions started cautiously: some banks saw Brent crude averaging $65 a barrel this year, and others, of a bolder nature, predicted that the oil benchmark could climb to $65 a barrel. Just a couple of months ago, these forecasts sounded pretty optimistic for the environment, given the slow rollout of Covid-19 vaccines, the continuing excess supply of oil, and reports of coronavirus variants emerging in different parts of the world, threatening new infection waves. Now, banks and traders are talking about Brent at $100 a barrel. Of course,
Security Conference Updates Merchant Shipping Interests on the Guardians of Middle Eastern Waters
International Maritime Security Construct Protects Against State Sponsored Terrorism
MIDDLE EAST – The success of the combined international naval forces in controlling the criminal elements which, not so long ago, were the scourge of the region s waters, has largely removed them from the headlines of the shipping press which they once dominated. Piracy has been greatly reduced, and while terrorist incidents remain, these too are at a lower level than hitherto.
Nevertheless the International Maritime Security Construct (IMSC) continues to work together with industry partners to safeguard freedom of navigation and the free flow of commerce and to reassure merchant shipping by deterring and exposing state-sponsored malign activity that threatens security of the maritime commons in the Arabian Gulf, Gulf of Oman, Arabian Sea, Gulf of Aden and the Southern Red Sea.
‘Bridge Cards’ for use in high-risk areas
As highlighted in our previous alert “Maritime security recommendations for operations in the Persian Gulf” of 7 January 2021, heightened military activity and increased political tensions in the Persian Gulf, Gulf of Oman, Gulf of Aden and Red Sea region continue to pose serious threats to commercial vessels. At the same time, the piracy activity in the Gulf of Guinea is rising and 2020 saw the highest ever number of crews kidnapped in the region, with incidents occurring farther from shore and attackers becoming increasingly more violent. Our alert “Maritime piracy hotspots persist during 2020” of 28 January 2021 has the details.
USNI News
USNI News 2020 Fleet and Marine Review
January 8, 2021 6:33 PM
When 2020 closed, the Navy’s aircraft carrier forces spent a collective 896 days deployed across the world – 200 more days than in 2019. As reported by USNI News in November, the carrier force has been under strain over the last 20 years, and the use of the force accelerated in 2020. Likewise, U.S. Navy and Marine Corps amphibious ready groups and Marine expeditionary units saw deployments to the Western Pacific and U.S. Central Command.
Abraham Lincoln Carrier Strike Group
April 1, 2019 to Jan. 20
A sailor dressed as Santa Claus directs the launch of an F/A-18E Super Hornet attached to the ‘Pukin’ Dogs’ of Strike Fighter Squadron (VFA) 143 on the flight deck of the aircraft carrier USS Abraham Lincoln (CVN-72) on Dec. 24, 2019 US Navy Photo