In the August 9, 2011 post (“QE3 – Various Thoughts“) I posted a chart that depicted the movements of the S&P500, 10-Year Treasury Yield and the Fed Funds rate spanning the periods of various Federal Reserve interventions since 2007.
For reference purposes, here is an updated chart from Doug Short’s blog post of February 21, 2014 (“ECRI Weekly Leading Index“) :
(click on chart to enlarge image)
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1843.61 as this post is written