On March 28 I wrote a post ("The STLFSI") about the STLFSI (St. Louis Fed’s Financial Stress Index) which is supposed to measure stress in the financial system.
Here is the most recent chart. This chart was last updated on June 30, incorporating data from 12-31-93 to 6-24-11 on a weekly basis. The present level is .117:
I post various indicators and indices because I believe they should be carefully monitored. However, as those familiar with this blog are aware, I do not necessarily agree with what they depict or imply.
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1320.64 as this post is written