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Robert B. Seiden, CSNA, CRPC®, BFA™

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WhiteCliffs' Financial Market Leading Indicators

The “WCBDI” while not a perfect predictor, trends in the Producer Price Index (PPI) and the cost of dry bulk shipping services. This can provide useful insights into manufacturing and trade activity that often precede broader economic shifts. This is used as a partial leading indicator as to economic performance.

The chart above compares the performance of the Corrugated & Solid Fiber Box Manufacturing: Primary Products Index and the Baltic Dry Index for the period from January 2000 through July 2026. This chart is provided for informational and illustrative purposes only. The Corrugated Box Index Solid Fiber Box Manufacturing: Primary Products Index tracks the price movements of companies primarily involved in the corrugated and solid fiber box manufacturing industry. The Baltic Dry Index provides a benchmark for the price of moving the major raw materials by sea. The index is a composite of three sub-indices that measure different sizes of dry bulk carriers. Indices are unmanaged, do not reflect the deduction of fees, expenses, or taxes, and cannot be invested in directly. Past performance is not indicative of future results and does not guarantee future returns. The performance shown does not represent the performance of any actual investment portfolio. This information is not intended as investment advice, a recommendation, or an offer or solicitation to buy or sell any security. Investment decisions should be made based on individual financial goals, risk tolerance, and objectives, in consultation with a qualified financial advisor.

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