Rajandran R FollowCreator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Now the recent curiosity on building Trading AI Agents.
Baltic Dry Index : What kind of leading indicator it is?
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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?”
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Rajandran R FollowCreator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Now the recent curiosity on building Trading AI Agents.
One Reply to “Baltic Dry Index : What kind of leading indicator…”
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.”
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.”