Baltic Dry Index Breakout To New Highs

The Baltic Dry Index has broken out to a new multi-year high, typically assumed to be a positive sign of global economic growth. The more demand there is for shipping, the more the shippers can charge to transport goods.

In reality, it's not that clear, and has been an inconsistent indicators for stocks. For gold, though, it has led to almost universally negative returns. See the July 16, 2019 report for more detail.