Still not much stock news early in the New Year with macro factors making most of the headlines, but more on that in a moment. There was an in line trading update from Clarkson (CKN) which seems like a well managed group which has expanded recently by buying a competitor. The shares have come back quite a bit and now look more reasonably rated on around 14x with a 3,5% yield. However, knock on effects of oil price volatility and economic slow down could be bad for shipping I guess, so may not be one to rush into just yet?
On the macro as promised a couple of interesting charts for you following on from recent posts about the US $ and QE. The first one looks again at the effects of $ strength and the second one looking at US valuations and market sentiment. You can click on these to read the full articles, which I would recommend, if that is of interest to you. Otherwise just be careful out there.