Capes’ hiccups an issue or a tempo situ for the BDI? Wets fall further. Geopolitics and Covid will bother us for the foreseeable future…
The BDI (Baltic Dry Index) was down 35 points since yesterday losing the 3,400 points threshold, thanks to a massive fall by the Capes… Wets a big issue… Mind the Geopolitical issues and Covid’s Delta strain. John Faraclas’ midweek brief recap:
The BDI at 3,383 is still more than safe – anything above 2,000 points is profit!
The volatile Capes did...