I consider this a leading/coincident indicator. As long as the Baltic Dry Index is in a strong down channel, we can conclude that world commerce is contracting.
I would not be overly optimistic about markets until this indicator shows signs of reversing down trend.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.