“Financial Stress” Spikes. Markets, Long in Denial, Suddenly Grapple with New Era
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Fed’s monetary policy shift is finally taking hold. It just took a while. The weekly St. Louis Fed Financial Stress index, released today, just spiked beautifully. It had been at historic lows back in November, an expression of ultra-loose financial conditions in the US economy, dominated by risk-blind investors chasing any … Read more