Will Baltic Dry Index Rollover Precede Correction In S&P 500?
There’s been some chatter on the recent down-turn in the Baltic Dry Index, which has been a rough leader of the S&P 500 (^GSPC) at key turning points. Let’s take a look at the recent relationship between the two indexes and what the current BDI Index is showing.
The Baltic Dry vs S&P 500 over the last few months:
The Baltic Dry Index is a poll of what it costs to ship goods overseas, and can be a leading indicator of economic activity and thus stock market … [visit site to read more]
