NFCI : From Greed to GriefTV is a very useful platform. It provides a lot of wonderful charts. But many are seldom used.
To look into the future, there are 3 critical charts. NFCI is one of them. US10Y and Oil are the other two.
What we see above is a lot of GREED currently going on - with financial conditions so loose. It is NOW at a quite critical level. In all probabilities, it can go UP. And if it does, it means shit hits the fan. ALL RISKY assets will DEFINITELY go BUST.
My opinion is that if GREED is the cause - just like in 2007/09 with subprime - the aftermath is going to be extremely BAD.
Take care and good luck.