Dow Jones Corporate Bond Index

Dow Jones Corporate Bond Index

  • Stock Market

    A Venerable Monetary Indicator Turned Negative

    July 08, 2015 BY Doug Ramsey

    The smoothed, 26-week rate-of-change in the DJ Corporate Bond Index, a reliable indicator of monetary conditions over many different market and economic cycles, turned negative in mid-June.

    continue reading

  • Stock Market

    Simple Monetary Gauge Still Bullish

    March 06, 2015 BY Doug Ramsey

    Monetary conditions are critical to the stock market outlook, but it’s never been more difficult to measure those conditions. And it’s not just QE and ZIRP. Since 2013, one-fourth of the data series in the Fed’s valuable Bank Reserves repository has been discontinued. Beware of a central bank that declares itself “data dependent” and then does away with data involving its own machinations.

    continue reading

  • COTW

    Temporary Power Outage?

    December 29, 2017 BY Doug Ramsey

    With the northern U.S. stuck in a deep-freeze, there could hardly be a worse time for the nation’s utilities to fail. But conventional chart work suggests that is exactly what’s happened. The Dow Jones Utility Average fell below its 40-week moving average last Friday, dropping the simple four-indicator model, shown in the chart, into third gear after it had spent most of the year with “four on the floor.”

    continue reading

Sign-in to your Account