Baltic Dry Index Leads CRB Commodity Index?

Interesting parallels between the cost of shipping dry goods, and the prices of those goods themselves. The caveat is the past 2 years have been  somewhat aberrational, and we would need to see much longer history:

Baltic Dry Freight Index vs. CRB Index (weekly basis)

Courtesy: Barry Ritholtz

Hat tip Bill King

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Sector Views: Proceed with caution

The Franklin Templeton Fixed Income team believes that the US economic outlook at this stage likely doesn't warrant additional monetary easing; however, outside the United States, economic growth still faces some challenges and suggests proceeding with caution. Read more in their latest Sector Views.
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