The Smart Money Flow Index is a sentiment index attempting to measure “skittishness” in the markets. Particularly at stock market opening in the US for the Dow.
We saw a collapse in the Smart Money Flow index in 1999 as the Dot.com bubble exploded. Then we saw a slower decline starting in 2004 in front of the housing bubble burst and financial crisis.
Now we have a third collapse of the Smart Money Flow Index, likely related to the policy errors of Central Banks, including our own Feral Federal Reserve.
To paraphrase Leslie Gore, “It’s their party and they’ll do what they want to.”
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