1) The worlds largest container shipper, Danish international shipping company Maersk who’s business activities is an indicator of international trade, indicates a trade slowdown. Their revenues are down which is a strong indicator of a global economic slowdown.
2) Twelve empty supertankers are idle because of US domestic oil production is up. US light oil is ideal for gasoline production, but there is not enough supertankers in the Atlantic to export American oil. American oil production is expected to continue rising.
3) Deutsche Bank AG will lose $1.6 billion dollars over the next decade from complex municipal bond investments. The bank paid $140 million dollars for derivatives called credit-default swaps, which was central to the financial collapse of 2008.
4) 21 FEB 19 Stock market closings:
Dow 25,901.13 down 53.31
Nasdaq 7,482.72 down 6.35
S&P 500 2,780.49 down 4.21
10 Year Yield: up at 2.70%
Oil: down at $56.84