BDI

The Baltic Dry Index (BDI) rose to fame in the mid-2000s as a leading indicator of the global economy. If the BDI went up, industrial production was set to increase; if it went down, vice versa. The BDI lost its luster as a macro bellwether during the decade after the financial crisis, as the...

The incredible post-election spikes in a group of shipping stocks led by DryShips Inc. (NASDAQ: DRYS) has resulted in daily financial media discussions about the Baltic Dry Index. However, many traders that don’t trade shipping stocks may not be familiar with what exactly the Baltic Dry Index...