Baltic Dry Index Update

| September 27, 2010

Recently, we noted that the uptrend in the Baltic Dry Index (BDI) from July had begun to exhibit signs of another reversal, and the developing downtrend moved to another new low last week.

The move below uptrend support in June was a meaningful breakdown and a return to recent lows would be another signal that the economic recovery is losing strength. It will be important to keep a close eye on this index during October.

Category: Commentary, Market Update

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