BFCIUS (3 Year Chart)
The highest level for the BFICUS index in the last three years was recorded around 07/04/2013. On that date, it showed a positive sign that financial markets were on very solid ground. After that date, however, BFCIUS index has gradually declined to a recent trough seen on 01/20/2016.
SPY (3 Year Chart)
Even the overall conditions in U.S. financial and credit markets has gradually descent to a recent trough in Jan., 2016, the US stock market overall still performed relatively well. Does this bull market have more legs? Only time can tell.
- BFCIUS:IND (Bloomberg)
- Bloomberg financial conditions index closes at record high
- Chicago Fed National Financial Conditions Index (NFCI)
- A composite index based on 100 different financial indicators, and has proven to be a highly accurate leading indicator of financial stress at horizons of up to one year.