Sierra's Frank Barbera: Look At The Baltic Dry IndexGuest Post
Sierra Investment Management's Frank Barbera, Co-Portfolio Manager, recently published his latest chart commentary. The piece looks at the recent collapse of the Baltic Dry Index (BDI), which has declined an incredible 65% in just under 13 weeks. Now, at 511, the BDI resides at a new all-time low. Why does this matter?
The Baltic Dry Index measures the rates for transporting critical raw materials by sea; essentially the “day rates” for time-charter on what are known as . . .
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