Where Are The Signs Of Recovery?

Source: Haver Analytics

No signs of recovery evident when looking at exports.

The Baltic Dry Index has flatlined around the 2500 mark.

Interesting divergence has developed between BDI and Crude Oil.

Likely the weakening US dollar is a significant factor supporting the higher oil price. One does wonder if Crude is overpriced presently given supply/demand factors and large inventory stockpiles.