I’ve been watching the FTSE 100 like a hawk over the last few days. The FTSE 100 has tried and failed on at least nine occasions over the last two years to break its 6,950.6 record…

The Baltic Dry Index (BDI) has collapsed over the last two months. This index, derived from activity on twenty-three of the world’s busiest shipping lanes, has historically acted as an excellent proxy for global growth.

For the last two years the FTSE 100 has been relatively easy to trade. Stuck in a 900 or so point range, Britain’s index of leading companies has failed to make a new all-time high, despite at least nine attempts.