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Pressure Index Holds at 32 as Warsh Signals Higher-for-Longer — Equity Melt-Up Masks Structural Fragility
By FAULTLINE · · Macro Intelligence
Archive summary: this is a condensed record of the FAULTLINE brief originally published on May 31, 2026; the full article was not retained.
FAULTLINE Pressure Index: 32
Key drivers recorded
- FAULTLINE Pressure Index: 32 — MODERATE RISK.
- Key signals: Fed Funds at 5.25%, HY spreads at 272bps, 10Y Treasury at 4.45%, CPI at 3.78%, PPI at 9.82%.
- Fed Funds Rate: 5.25%
- HY Spreads: 272 bps
- 10Y Treasury: 4.45%
- 2Y Treasury: 3.99%
- CPI: 3.78%
- PPI: 9.82%
- S&P 500: ~7,580 (9-week winning streak)
- Shiller CAPE: 42.66
- VIX: ~15.32
- AI/Bubble Vector: 41 — Moderate (rising)
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