Adding another chart here. Been using Baltic Dry as a proxy for rates since pretty much pre GFC. Note decent LT correlation outside of times when shipping rates lead everything lower.
Note as well post Covid $BDI leading higher in 2021. $TYX $TLT pic.twitter.com/WO7QNGjp7D
— Arun S. Chopra CFA CMT🧐 (@FusionptCapital) September 8, 2022
Commodity dragon 🐲🐉👹👺 pic.twitter.com/pDUfvg3e7i
— Topdown Charts (@topdowncharts) September 8, 2022
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