So far so good for this vitally important Index. However, it is elevated (High basing) at the moment and that is a cause for concern. Every previous spike above zero signaled a recession. Will this time be different? Time will tell. But it is well worth your time to keep an eye on this index. As I always say no single chart is the holy grail of analysis. There...
SP500 vs ANFCI Chicago FED ANFCI Adjusted National Financial Conditions Index (Credit, Risk, Leverage) SP500 recuperando al ritmo que el index ANFCI se recupera tambien. Index ANFCI mejorando dando señales de mejores condiciones economicas en cuanto a Riesgo, Credito y Apalancamiento.
Updated weekly: this index displays the current impact of financial conditions on the economy. Note: during the tech bubble, financial stability was NOT the issue.
NFCI subindex tracking household and nonfinancial business leverage ratios indicates financial stress a coincident indicator.