magnitude

“This expansion is not comparable to the magnitude of the demand uptick that happened in the last two years,” he said.

“You almost have to be at the game to understand the magnitude of what Luka can do on the court…. There are always many ‘Did that just happen?’ moments.”

That could increase the chances and magnitude of a freight upcycle, but those changes could take time as “insufficient enforcement resources across a mobile and highly-fragmented industry” won’t make it immediate, the analysts say.

“There could still be an international oil surplus, but it may be less than the forecasted magnitude.”

And they were pullbacks of a magnitude that may have caused bulls to fear the good times were over.