SLOOS: Credit Card Tightening in 2015
SLOOS: Credit Card Tightening opened 2015 at -1.90% and closed at -5.80%, a -205.26% move for the year. The high of -1.80% was reached on April 1, and the low of -7.70% on July 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | -1.90% | -1.90% | -1.90% | -1.90% | +0.00% |
| Apr | -1.80% | -1.80% | -1.80% | -1.80% | +0.00% |
| Jul | -7.70% | -7.70% | -7.70% | -7.70% | +0.00% |
| Oct | -5.80% | -5.80% | -5.80% | -5.80% | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
Related Metrics
Get historical context as markets unfold, regime classification, scenario triggers, and analysis in your inbox.