One of the first analysts to call time on the great tanker rally of 2020 has doubled down on his bearish take, saying the sector has become virtually uninvestable for buy-and-hold institutional funds.
Veteran equity expert Jonathan Chappell, of Evercore ISI, said it is hard to see that dynamic changing soon in what has been a climate of short market spikes followed by extended slumps, like the one now that he expects to last until the end of next year.
