Cleveland Financial Stress Index: A Tool for Monitoring Financial Stability

Now at Grade 4 ("Significant stress period"), associated with greater than 50% chance of a "Systemic Stress Episode" according to [1]. Previous events: LTCM rescue, Bear Sterns collapse and Lehman Brothers failure.

[1] https://www.clevelandfed.org/newsroom-and-events/publication...

Odd that the 2000 stock market bust doesn't show up...