I was thinking about that as well, particularly the "complacency index." I have never heard of this composite before, of course I am not an economist but I do follow finance. Can anyone speak to if this is an exotic index?
Banks make up dozens and dozens of these indices for marketing purposes. The idea is that when a client trades with a broker, the broker provides "free" research to the client as a sweetener. That research mostly consists of dodgy trade ideas based on their proprietary "sentiment index" or whatever.
The research tends to be low quality in general. I'd guess that the researchers are treated as a cost center rather than a source of business.
