Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

Financial Stress Index Moves Lower

Print comment Post Comments
ECONOMICS ONE-OH-ONE
DailyFeed
Good news! The St. Louis Fed's Financial Stress Index moved lower week-over-week.



Yeah, right? What is the St. Louis Fed's Financial Stress Index?

"The St. Louis Fed’s Financial Stress Index (STLFSI) is constructed using principal components analysis, which is similar to the construction of the Kansas City Fed’s FSI (KCFSI). Briefly, principal components analysis is a statistical method of extracting factors responsible for the comovement of a group of variables. We assume that financial stress is the primary factor influencing this comovement, and by extracting this factor (the first principal component) we are able to create an index with a useful economic interpretation."

Well, whatever it is, it's going down again.
POSITION:  No positions in stocks mentioned.
TICKERS:  NYSE:SPY   

TICKERS