The St. Louis Fed’s Financial Stress Index for the week ended May 15 was up a negligible 0.005 to 0.617 after 0.611 in the prior week. The index seems to be consistent with less stress in financial markets. Some of the stability may be due to a number of Fed credit facilities coming online and less general volatility in financial markets as the economic outlook is clearer, if still for a deep recession.
Disclaimer: Whetstone Analysis provides commentary as a service to its subscribers. Whetstone Analysis is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within the site. While the information contained within the site is periodically updated and every effort is made to ensure its accuracy, no guarantee is given that the information provided in this Web site is correct, complete, and up-to-date. Click here to read our full Disclaimer.