Fear & Greed · Sentiment
61
GREED
CNN Fear & Greed: 55 · for comparison
A true sentiment read, CNN-style: volatility, put/call, momentum, 52-week strength, safe-haven and junk-bond demand. How investors feel.
Ext. FearFear
NeutralGreedExt. Greed
Market Health · Composite Risk Score
81
RISK-ON
Our 9-signal composite: breadth, flow, smart money, volatility, bond stress and crash risk. The market's structural condition, not sentiment.
DistressRisk-Off
NeutralRisk-OnStrong
Core Vitals
Today's Play
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Sector Leadership · rotation & inflows (Rotation Radar)
Major Indices · the market read
Momentum Pulse · breadth above moving averages
STRONG BULLISH · +3🕛 Cycle Peak Doom Clock · how late we are in the cycle
EARLY / MID CYCLE
9:07
→ 173 min to "midnight" =
28%
peak risk ▼4 pts/wk
One reading, three ways: the clock's position, the countdown to "midnight" (a major market top), and the % risk score behind them. A slow weekly gauge, not a trade signal.
Credit Watch · AI/hyperscaler funding cost
CALM
65bps
Single-A OAS +3 5d · 15yr+ 98bps · +3 1m
Single-A OAS · 3-month trend
tap a rung above to switch series
What this is. A credit spread is the extra yield investors demand to hold a company's bonds instead of ultra-safe US Treasuries — it is the cost of borrowing for that company. We headline single-A and long-dated investment-grade spreads because that's the exact rung and maturity where most hyperscaler (AI) debt is rated and issued, so it's a clean public proxy for how expensive it is to fund the AI capex boom.
How to read it. Numbers are in basis points (bps; 100bps = 1%). Lower or falling = calm, credit is cheap and flowing. Higher or rising = investors turning cautious, funding getting pricier. The 1d / 5d / 1m figures are the change over those windows. A few bps is noise; 15–20+ bps of widening in a week is a real tightening of credit and what the alerts watch for.
Why it matters. If credit dries up for the hyperscalers, the AI trade carrying the index loses its fuel. This is the early-warning gauge for that — a slow, days-to-weeks read, not a trade trigger. Official data (FRED, ICE BofA OAS) lags one business day; the bond-ETF ratios are a live but noisier intraday proxy.
The issuer strip. Index spreads average hundreds of borrowers, so one company's credit scare barely moves them. The AI Debt Complex row watches the big AI borrowers one at a time through long-dated deep-put skew: how much extra implied volatility the options market charges for puts struck ~30% below the stock (a year-plus out) versus at-the-money. That premium is the options market's price on the same tail risk a credit default swap prices — when one name's balance sheet gets repriced, its skew stretches even while the index rungs above stay calm. Readings are in vol points; the dot turns amber/red when a name runs hot against its own recent history (z-score) or, until that history builds, against the rest of the complex.
How to read it. Numbers are in basis points (bps; 100bps = 1%). Lower or falling = calm, credit is cheap and flowing. Higher or rising = investors turning cautious, funding getting pricier. The 1d / 5d / 1m figures are the change over those windows. A few bps is noise; 15–20+ bps of widening in a week is a real tightening of credit and what the alerts watch for.
Why it matters. If credit dries up for the hyperscalers, the AI trade carrying the index loses its fuel. This is the early-warning gauge for that — a slow, days-to-weeks read, not a trade trigger. Official data (FRED, ICE BofA OAS) lags one business day; the bond-ETF ratios are a live but noisier intraday proxy.
The issuer strip. Index spreads average hundreds of borrowers, so one company's credit scare barely moves them. The AI Debt Complex row watches the big AI borrowers one at a time through long-dated deep-put skew: how much extra implied volatility the options market charges for puts struck ~30% below the stock (a year-plus out) versus at-the-money. That premium is the options market's price on the same tail risk a credit default swap prices — when one name's balance sheet gets repriced, its skew stretches even while the index rungs above stay calm. Readings are in vol points; the dot turns amber/red when a name runs hot against its own recent history (z-score) or, until that history builds, against the rest of the complex.
The read: single-A + long-duration IG spreads stand in for hyperscaler funding cost; the IG / BBB / HY ladder is the context, and the bond-ETF ratios are the live intraday tell. Tap the i for how to read it. Slow weekly gauge, not a trade signal.