Sino-Global Shipping America (SINO)

[Giovanni]

Sea container traffic declined significantly in LA and Long Beach. Steven Hansen (Econintersect), as we expect him to, looks at the data from a variety of interesting perspectives. Because it is a noisy series, he prefers 3-month rolling averages. He concludes that “it was a terrible month…This is the first dataset I have seen which could be a self-inflicted wound from the trade wars.”