US Financial Conditions Elevated

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 is a lot of distortion out there caused by excessive money printing, helicopter money, QE, Reverse repo, endless lending programs like the BFTP etc..

That is why I rely on dynamic macro analysis rather than silly models, theories, economic papers, backtesting, and endless charting indicators, bots, and scripts.

As you know I always strive to give you the best accurate, honest, real-time analysis I can.