S&P & BDI
In regards to Bikoo’s post, something has got to give soon you would think? Either world trade reignites or markets get smashed, the BDI looks to be turning down again also. A chart was posted about a month ago that showed the BDI was about 60 days ahead of the SM, if so we should be on the look out for some carnage directly ahead, either that or trade does a 180. It would seem to me that the US/China trade deal will not fix this situation and not be surprised to see a pop and drop off of any positive deal announcement. What I think doesn’t matter but I will say it anyway, the biggest concern for the markets IMO is a Yuan devaluation and an August 2015 scenario.