A rising Baltic Dry Index

A couple of weeks ago, I penned so what's the real story? let's keep watching that for one looked at movement in BDI. Although there certainly has continued to be significant volatility in the markets as a whole with lots of sideways motion, the BDI continues to march up. Mean anything ? The folks at Clusterstock have amassed some additional insight into an easing of circumstances (Don't Count Chickens, But Recent Economic News Has Turned). In their words; "One month does not a trend make, but the economic news over the past week suggests we may be reaching a turning point." and "Does all this mean we're out of the woods? No. But it could be the beginning of a change in the rate of decline."


Chart from Bloomberg