The Accelerant Arbitration Market Indicator was 2.37 at the end of October. This is another new all-time high. Complacency rules the markets as investors embrace risk assets with perceived impunity.
New FINRA arbitration claim filings continue to run at cycle-lows, as they have for the past four years. The current annualized rate is 3,418 for 2017.
Historically, high readings from this indicator have presaged market declines.
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