High Volatility, Market Synchronization

November 10: The UP World LNG Shipping Index fell 9.35 points (4.07%) to close at 220.05, caught in a broad risk-off week — the S&P 500 had its worst week since the April 2025 crash, down 2.68%. The decline was near-universal: breadth was just 3:18, the median fell 6%, and the weighted index (wUPI) dropped 5.5%. Two forces combined after the US mid-term elections — a weakening administration that eased geopolitical risk premiums (and so energy prices), and a tech/AI-led equity selloff that dragged shipping down in tandem. Read or listen more...