As economist Hyman Minsky once said, “the periods of market calm are breeding grounds for high market volatility.” This is better known as a Minsky Moment.
Is the Smart Money Flow Index signalling a Minsky Moment? The Smart Money Flow Index keeps plunging and is now at the lowest level since 1996.
And the Ichimoku Cloud is descending!
On the housing front, we are seeing a slowing of home price growth according to Case-Shiller National Index.
The late Hyman Minsky.