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March 24, 2023

Baltic Dry Index As Leading Indication

The Baltic Dry Index (BDI) makes for an interesting but imperfect leading indicator for the movements of stock prices.  I don’t know exactly why this works, and why occasionally it stops working, but the relationship has been going on for years and so at some point one just stops asking why.  In this week’s chart, the plot of the BDI is shifted forward in the chart by 26 trading days.  I have used 24TD before, and at the moment a 26TD lag time seems to be working better.  I do this shift in the chart to make it easier to see… more


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