The update about the Baltic Dry index (BDI) brought about a couple of responses from learned subscribers.
Subscriber A noted that a lot of shipping activity is happening ahead of the next Tariff increase and that is an excellent point.
Subscriber B noted that we are in a post-bubble contraction and (my words) inflation is not going to carry the day. Rather, he believes a depression is in the offing.
What I will say is that I should clarify my own post. I am certainly not implying that global stocks or commodities will go bullish in a meaningful or big picture way. Just that with the oversold situation and the curious refusal of global stocks to go down lately with the strong USD, a firm BDI is consistent with bounce/rally potential.
Thank you as always to those of you who watch over my shoulder. ;-)