Tom McClellan: New York City rainfall 10 inches below average while market supported by QE5

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NYC rainfall deficit and QE5 impact

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16.04.2026

Tom McClellan: New York City rainfall 10 inches below average while market supported by QE5 — NYC rainfall deficit and QE5 impact

New York City has experienced rainfall levels 10 inches lower than its average over the past 12 months. Tom McClellan drew parallels between the rainfall shortfall and financial market dynamics, referencing the market selloff in March and attributing continued market strength to QE5.

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McClellan has recently highlighted discrepancies in market indicators. He clarified the importance of using the original methodology for the Zweig Breadth Thrust calculation. Earlier this year, he noted that the VIX Index moving above all of its futures prices signaled an oversold condition.

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