General
Baltic Dry Index Collapses 50% From December Highs To 5-Month Lows
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BalticDryIndexCollapses 50% FromDecemberHighsTo 5-MonthLows
We are sure it’s just a storm in a teacup; just a brief interlude before theIMF’sever–changingforecastfor global trade growth picks right back up again and demand to ship dry goods surges back to the inventory stuffed levels of Q4. But, for now, the BalticDryIndex (admiredwhenit’srising, ignoredwhenitdrops) has collapsedbyover 50% fromitsDecemberhighsandisbacktoAugustlows.
Charts: Bloomberg