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Is the Baltic Dry Index, at 987, warning you to sell in May?

By Ben Turney | Tuesday 13 May 2014


 


It’s been too long since I last looked at the Baltic Dry Index. This morning I almost wish I hadn’t. According to the latest reading of the Baltic Dry, which tracks 23 of the world’s busiest shipping lanes, it stands at 987, having slumped in early April. This does not bode at all well for the general economic outlook and is particularly unwelcome news for mining stocks.


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