The Breakwave Dry Bulk Shipping ETF (BDRY) ended this week up by 19%.  Sentiment has now turned (arguably one week late) following the change in China that commenced two weeks ago.   As we have been stressing in our work in recent weeks, China is during its third covid surge, but this one remains quite different as lockdowns are being lifted even as cases have been rising.  Also notable with BDRY is that volume reached 793,000 shares on Thursday.  This has marked the largest volume seen since November 15th.