Chicago Fed National Financial Conditions Index (NFCI)

The St. Louis Fed’s Financial Stress Index (STLFSI) is one index that is supposed to measure stress in the financial system.  Its reading as of the January 29, 2015 update (reflecting data through January 23) is -.856. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other related …

Read more

DJIA, Transports, S&P500, And Nasdaq Long-Term Charts

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) …

Read more

February 3 Gallup Poll Results On Economic Confidence – Notable Excerpts

On February 3, 2015 Gallup released the poll results titled “Eight-Point Increase in Monthly Economic Confidence Index.” Notable excerpts include: Gallup’s U.S. Economic Confidence Index, which has been positive foreach of the past six weeks, finished January with an average score of +3 — the first time a monthly average has been in positive territory since …

Read more

U.S. Dollar Decline – February 2, 2015 Update

U.S. Dollar weakness is a foremost concern of mine.  As such, I have extensively written about it.  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, the negative consequences will far outweigh any benefits.  The negative impact of a substantial …

Read more