Market Signals

Real-time Sentiment & Structural Risk. Market mood, structural pressure points, and cycle positioning — the inputs that drive scoring and portfolio sizing.

Snapshot updated: 2026-07-18 04:30:20 UTC

Market Mood 37/100 Fear
Composite Stress Gauge 28/100 MODERATE
✨ GOLDILOCKS REGIME ✨
Active Pressure Points
MR-JGB MR-LEVERAGE
  • JGB Yield Critical: 2.67% (+20)
  • Margin Leverage Elevated: Z-Score 2.0 (+8)
VIX (1Y) 18.8

🧭 What Defines Market Mood

The headline Market Mood score is CNN's Fear & Greed Index — the trusted equity composite. VIX, NASDAQ trend and Mag 7 breadth don't move that number (CNN already embeds volatility, momentum and breadth); instead they trigger the mood codes and add context below.

Fear & Greed

37/100
Fear

CNN's equity Fear & Greed composite — this is the headline Market Mood score. Below 25 also flags MO-FEAR; above 80 flags MO-EUPHORIA.

Source: CNN Business ↗

VIX (Implied Volatility)

18.8
Normal

VIX > 20 triggers MO-FEAR. It no longer moves the headline score directly — CNN's Fear & Greed already includes market volatility.

NASDAQ Trend

RSI 46.0
MTD -4.1% · 50DMA ❌ · 200DMA ✅

RSI > 75 contributes to MO-EUPHORIA. Trend above moving averages confirms strength.

Mag 7 Breadth

2/7
stocks above 50-day MA
AAPL MSFT GOOGL AMZN NVDA META TSLA

Fewer than 3 of 7 above 50DMA while NASDAQ rallies triggers MO-DIVERGENCE.

🛡️ What Defines the Composite Stress Gauge

The Composite Stress Gauge sums points across structural pressure points (MR codes). Orange cards are actively signalling stress; green cards are being monitored but currently calm.

MR-JGB Yen Carry Unwind ⚠️ Active

JGB yield rise triggers carry trade unwind

JGB yield at 2.67% - Critical carry trade unwind risk
MR-LEVERAGE Margin Debt Momentum ⚠️ Active

FINRA margin debt Z-score momentum

Margin debt momentum Z-Score at 2.0 - Elevated leverage
MR-4Y Fourth Year Pattern ✅ Calm

Historical correction after multi-year rally

MR-MARGIN Margin Debt Elevated ✅ Calm

Normalized leverage vs historical peak

MR-TOEHOLD Recession Switch ✅ Calm

Construction payrolls declining — recession signal

MR-CLIFF Shelter CPI Lag Convergence ✅ Calm

Shelter CPI YoY declining toward headline

MR-FED-TRAP Fed Policy Trap ✅ Calm

S&P at ATH while real economy weakens — Fed forced to ease

MR-HEATMAP Inflationary Heatmap ✅ Calm

Commodities outperforming bonds — overheating

MR-STEEPENER Bear Steepener ✅ Calm

Yield curve steepening aggressively

MR-WINDOW Banking Liquidity Stress ✅ Calm

Fed discount window usage elevated

MR-CREDIT Credit Stress Monitor ✅ Calm

High yield credit spread widening

📊 Margin Debt Momentum 12-Month Rolling Z-Score

MR-MARGIN

Contrarian Indicator: The Z-Score measures how far current margin debt is from its 12-month rolling average in standard deviations.

Current Z-Score 1.98
Status NEUTRAL

📊 Cycle Status

Aggregate Cycle Health: 40/100

Cycle Timeline

Each cycle is normalized to a Z-score against its own history so they can be overlaid. Toggle cycles on/off to compare.

Y-axis: standard deviations from each cycle's own mean. Hover to see the native value.

Current Snapshot

Cycle Name Current Phase Evidence Cycle Position
C1 Semiconductor Inventory PEAK SOXX YoY: +118.4%
90%
C2 AI Infrastructure CapEx SLOWDOWN CapEx YoY: +80.5%
50%
C3 Consumer Product ACCUMULATION AAPL Rev YoY: +11.7%
40%
C4 Physical & Commodity BALANCED vs MA200: -9.5%
50%
C5 Financial Conditions TIGHTENING 10Y Yield: 4.5%
70%
C6 Automotive & Mobility MID CYCLE Sales YoY: +4.1%
55%