Jim Paulsen launches own measure of U.S. financial conditions

Jim Paulsen unveiled a new proprietary gauge of U.S. financial conditions — shorthand for how easy or tight borrowing and markets are — in his September 21 Paulsen Perspectives. Paulsen describes himself as a 40-year retired Wall Street economist and chief investment strategist. With no published inputs or weightings, it's unclear if it predicts stress or just tracks it.