Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Baltic Dry Index : What kind of leading indicator it is?

18 sec read


 
The Baltic Dry Index, an unmanipulated piece of raw goods shipping data, is at the worst levels I have ever seen. There is no demand for raw shipping, yet prices continue to rise. Higher commodity prices are no longer driven by lack of supply. Above charts shows three years of Baltic dry index charts. My head says just look into the increasing cpi inflation data which makes me to think that “Baltic Dry Index – What kind of leading indicator it is?”

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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One Reply to “Baltic Dry Index : What kind of leading indicator…”

  1. Quoted from an article from Equitymaster:

    “However, as against common interpretation, the reason for the same is not a drastic drop in economic activity. On the contrary, due to several natural calamities globally the cost of operating the fleet has gone higher than the freight rates. As a result, as per Bloomberg, ship-owners are expected to scrap more vessels than they have done in 28 years.”

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