When the benchmark S&P 500 completed a 50% rebound from March Covid-19 woes earlier this week, it reflected the biggest comeback in the history of US-listed stocks.
But was shipping’s rebound in the equity markets as impressive?
Not quite, according to figures provided to TradeWinds this week by Jefferies equity analyst Randy Giveans.
Using a starting point of the 23 March market trough, shipping shares did manage a nice recovery, surging an average 35%.
