Long-Term Charts Of Primary U.S. Stock Market Indices

StockCharts.com maintains long-term historical charts of various major stock market indices, interest rates, currencies, commodities, and economic indicators. As a long-term reference, below are charts depicting various stock market indices for the dates shown.  All charts are depicted on a monthly basis using a LOG scale. (click on charts to enlarge images)(charts courtesy of StockCharts.com) The …

Read more

U.S. Dollar Decline – July 1, 2022 Update

U.S. Dollar weakness is a foremost concern of mine.  As such, I have extensively written about it, including commentary on the “A Substantial U.S. Dollar Decline And Consequences” page.  I am very concerned that the actions being taken to “improve” our economic situation will dramatically weaken the Dollar.  Should the Dollar substantially decline from here, as I expect, …

Read more

Worrisome Conditions Within The U.S. Economic Situation

Various surveys, economic growth projections, and market risk indicators portrayed a short period (through mid-2020) of substantial U.S. economic decline, and now indicate sustained economic growth and financial stability for the foreseeable future. However, there are various indications – many of which have been discussed on this site – that this very widely-held consensus is …

Read more

Chicago Fed National Financial Conditions Index (NFCI)

The St. Louis Fed’s Financial Stress Index (STLFSI3) is one index that is supposed to measure stress in the financial system. Its reading as of the June 30, 2022 update (reflecting data through June 24, 2022) is -1.3815: source: Federal Reserve Bank of St. Louis, St. Louis Fed Financial Stress Index [STLFSI3], retrieved from FRED, …

Read more

The CFO Survey Second Quarter 2022 – Notable Excerpts

On June 29, 2022 the latest CFO Survey (formerly called the “Duke/CFO Global Business Outlook”) was released.  It contains a variety of statistics regarding how CFOs view business and economic conditions. In this CFO Survey press release, I found the following to be the most notable excerpts – although I don’t necessarily agree with them: Views on the …

Read more

Money Supply Charts Through May 2022

For reference purposes, below are two sets of charts depicting growth in the money supply. The first shows the M1, defined in FRED as the following: Before May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those …

Read more

Consumer Confidence Surveys – As Of June 28, 2022

Advisor Perspectives had a post of June 28, 2022 (“CB LEI: Falls Again in May“) that displays the latest Conference Board Consumer Confidence and University of Michigan Consumer Sentiment Index charts.  They are presented below: (click on charts to enlarge images) – While I don’t believe that confidence surveys should be overemphasized, I find these readings …

Read more

Broad-Based Indicators Of Economic Activity

The Chicago Fed National Activity Index (CFNAI) and the Aruoba-Diebold-Scotti Business Conditions Index (ADS Index) are two broad-based economic indicators that I regularly feature in this site. The short-term and long-term trends of each continue to be notable. The Advisor Perspectives’ post of June 24, 2022, titled “The Philly Fed ADS Index Business Conditions Index Update” …

Read more