Capes’ volatility brings down the BDI; Geopolitical and Coronavirus uncertainty rules …the waves
The BDI (Baltic Dry Index) lost 41 points and now stands at 1,121 “thanks” to Capes’ three digit losses… Geopolitics in tandem with Coronavirus will turn everything upside down. John Faraclas’ brief daily recap:
The Capes’ BCI was down 140 points and now reads 1,279 losing both thresholds – that of 1,400 and 1,300 respectively. Is this the beginning of a free fall or just a normal and...