Chart: Global Trade – High Frequency Indicators

Kicking off the week, here’s a chart of the weekly global trade indicators.  This chart shows the z-score for the Baltic Dry Index (bulk commodity shipping costs), the China Containerized Freight Index (Chinese general export costs), and the relative performance of the equities in the Dow Jones Global Shipping Index.  The key point is the weekly global trade indicators saw a broad weakening earlier this year, but have begun to rebound in recent weeks.  This is an encouraging sign, because there have been some doubts on the robustness of the global trade boom, particularly as the USA trades tariffs with China and Europe, and NAFTA negotiations drag on.  Aside from the political risks, global trade also reflects the health of the broader global economy, and has been a key indicator to watch in getting the right global macro inputs for both global bonds and global equities.

[REITs]

Q1 hedge fund letters, conference, scoops etc, Also read Lear Capital: Financial Products You Should Avoid?

aaa

Follow us on:

LinkedIn https://www.linkedin.com/company/topdown-charts

Twitter http://www.twitter.com/topdowncharts

Article by Callum Thomas, Top Down Charts

LEAVE A COMMENT


Saved Articles
X
TextTExtLInkTextTExtLInk

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up for ValueWalkPremium today and get our exclusive content for 35% off.

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 12/31/2019 or after next 25 subscribers take advantage whichever comes first – please do not share this discount with others

 

0