Its an indication of the instances!
First, US default threat as measured by credit score default swaps stays elevated (primarily as a result of Biden and Democrats refused to chop wasteful spending or reign in non-retirees on Social Safety). And NY Fed’s Reverse Repos stay elevated.
After which we now have Citi’s financial shock index for the US at -17 as The Fed slows cash development to 0%.
I want I knew a spot the place inflation and insane Federal authorities spending and insurance policies doesn’t exist.