Global Markets & Assets
S&P 500 (SPX)5,482.1+0.45%
Nasdaq 100 (NDX)17,620.4+0.62%
10Y Treasury Yield4.18%-3bps
Volatility Index VIX15.40-4.2%
US Dollar DXY102.35-0.15%
Gold Futures GC$2,415.5+0.52%
WTI Oil CL$74.80+1.15%
Bitcoin BTC$68,450+3.10%
S&P 500 (SPX)5,482.1+0.45%
Nasdaq 100 (NDX)17,620.4+0.62%
10Y Treasury Yield4.18%-3bps
Volatility Index VIX15.40-4.2%
US Dollar DXY102.35-0.15%
Gold Futures GC$2,415.5+0.52%
WTI Oil CL$74.80+1.15%
Bitcoin BTC$68,450+3.10%
THETRADINGRANGE
Macro & Market Terminal
Current Core Trading Narrative

Market risk-on sentiment stabilizes as VIX pulls back to 15.40. 10Y Treasury yield hovering at 4.18% (Real TIPS Yield 1.82%) provides valuation relief, while Fed net liquidity standing firm at $6.15T continues to bolster tech multiples.

Trading Range | US Stock Daily Macro Terminal & Cross-Asset Monitor

US Market Executive Summary & Core Trading Regime

What is the current US Market Macro Regime?

Market risk-on sentiment stabilizes as VIX pulls back to 15.40. 10Y Treasury yield hovering at 4.18% (Real TIPS Yield 1.82%) provides valuation relief, while Fed net liquidity standing firm at $6.15T continues to bolster tech multiples.

CNN Fear & Greed Index
65/ 100
Greed
0 Extreme Fear50 Neutral100 Extreme Greed

Daily Macro Logic Executive Summary

6 Modules Linked

Liquidity Baseline

Fed Net Liquidity$6.15T

Real Yield 1.82% | USD 102.35

Volatility & Sentiment

VIX Index15.40

MOVE 92.5 | P/C Ratio 0.82

Market Structure

>200D Breadth68.5%

RSP/SPY 0.311 | ERP 0.82%

Hint: Click any indicator card below to view MacroMicro-style historical dual-axis charts and formulas.

Macro Indicators Breakdown & Live Terminal

1

Liquidity, Rates & FCI

Fed & FX
10Y Treasury Yield
Risk-Free Benchmark Rate
4.18%-3bps
10Y-2Y Yield Spread
Un-inverted / Steepening
+0.12%+2bps
10Y TIPS Real Yield
Valuation Anchor for Growth
1.82%-0.05%
Fed Net Liquidity
Fed Assets - TGA - RRP
$6.15T+$18B
Chicago Fed Financial Conditions (NFCI)
Negative = Accommodative
-0.48-0.02
US Dollar Index (DXY)
Multinational Earnings & Liquidity
102.35-0.15%
USD/JPY Exchange Rate
Yen Carry Trade Unwind Risk
146.50-0.35%
Click any indicator to view historical chart & logicMacro Signal
2

Sentiment & Volatility

Extreme Warning
CBOE Volatility Index (VIX)
S&P 500 Implied Volatility
15.40-4.2%
ICE BofA MOVE Index
Treasury Volatility Benchmark
92.5-1.1%
VIX Term Structure (VIX9D / VIX)
< 1.00 Contango / > 1.00 Backwardation
0.92-0.03
Fear & Greed Index Score
Greed
65 / 100
Options Put/Call Ratio (CBOE)
< 0.85 Bullish / > 1.05 Bearish
0.82
CBOE SKEW Black Swan Index
> 135 Tail Risk Demand High
135.4+1.2
Click any indicator to view historical chart & logicMacro Signal
3

Structure, Breadth & Valuation

Bull Breadth
S&P 500 > 200-Day MA %
Broad Market Breadth
68.5%+1.2%
S&P 500 > 50-Day MA %
Short-Term Momentum
72.4%+2.1%
RSP / SPY Relative Strength
Equal Weight vs Market Cap Weight
0.311
Equity Risk Premium (ERP)
Stock Risk Compensation Low
0.82%-0.04%
S&P 500 Forward P/E
Above 10-Yr Avg of 17.8x
20.8x
Click any indicator to view historical chart & logicMacro Signal
4

Cross-Asset & Global Signals

Commodities & Credit
Copper / Gold Ratio
Reflation & Macro Growth Temp
0.171
High Yield Credit Spread (HYG/LQD)
High Yield vs Investment Grade
1.18-0.20%
WTI Crude Oil Futures
Secondary Inflation Catalyst
$74.80+1.15%
Spot Gold (XAU/USD)
Real Yield Inverse & Safe Haven
$2,415.5+0.52%
Bitcoin (BTC/USD)
Canary in Liquid Coal Mine
$68,450+3.10%
Click any indicator to view historical chart & logicMacro Signal
5

High-Frequency & Leading Trackers

Macro Leads
Initial Jobless Claims (ICSA)
High-Frequency Labor Sensitivity
228K-5K
30-Year Mortgage Rate
Housing Market & Consumer Key
6.55%-0.08%
Citi Economic Surprise Index
Actual Data vs Consensus Expectations
+18.4+3.2
Atlanta Fed GDPNow Estimate
Real-Time GDP Tracker Annualized
2.5%
Michigan 5-Yr Inflation Expectation
Fed Inflation Unanchoring Focus
3.0%0.0%
Click any indicator to view historical chart & logicMacro Signal
6

Core Dynamics & Tech Chain

Tech & Supply Chain
TSMC Monthly Revenue (YoY)
Monthly Release / AI Demand Barometer
+32.4% YoY
S&P 500 Key Levels
Holding Above 20D / 50D MA
5,450 / 5,600
Nasdaq 100 Key Levels
Approaching All-Time Highs
19,200 / 19,800
Russell 2000 (RUT) Rotation
Small Cap & Rate Cut Momentum
2,150.8+0.85%
Click any indicator to view historical chart & logicMacro Signal

US Macro Economic & Market Regime Analysis

What is the current US Stock Market Macro Regime?

The US equity market operates at the intersection of Federal Reserve monetary policy, inflation expectations, and corporate earnings growth. Monitoring Fed Net Liquidity (WALCL - WTREGEN - RPTCW) alongside 10-Year TIPS Real Yields provides an institutional-grade compass for market valuation expansion versus compression.

How to Interpret US Stock Market Breadth & Volatility Signals?

Healthy bull market advances are characterized by strong market breadth, where over 60% of S&P 500 stocks trade above their 200-Day Moving Average. Divergences between market-cap weighted index highs and equal-weighted ratios (RSP/SPY) warn of narrow mega-cap concentration risk. Meanwhile, CBOE Volatility Index (VIX) readings below 16 combined with stable ICE BofA MOVE bond volatility reflect favorable risk-on conditions.