Keppel (BN4, $10.30) to build accomodation semi-submersible at approx. $280m.
Comments: Opportunity at almost year-to-date low? Year-to-date low is $10.23.
Chart of the Day
S&P Daily Chart looks like it is screaming for a rebound.
However, HSI and STI Weekly Charts show a contrasting picture.
Decoupling, divergence or are we too short-sighted?
Commentary
Market has sold off before Jackson Hole. Senario for extensive downside = massive tightening. Senario for kneejerk upside = almost everything else. It is times like this when we may wish to choose to bet against the Black Swan when the odds seem to be in favour of that.
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