And now this...
I talked again yesterday about the stretched stock market sentiment gauges and now we have this new cover from The Economist,
Shipping prices receded again as of yesterday with the World Container Index trip from Shanghai to Rotterdam falling by $277 w/o/w to $3,944. On this recent run it got as high as $4,984 after finishing 2023 at $1,667. The cost of a container from Shanghai to LA fell $197 w/o/w to $4,486. It recently peaked at $4,771, after bottoming at $1,939 in December.
Shanghai to Rotterdam cost of 40 ft container
To the company earnings comments:
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