What is Trading Range?

Trading Range is an institutional-grade daily macro terminal for US equities, compiling Fed net liquidity, 10Y TIPS real yields, VIX volatility, market breadth, and cross-asset signals into a single dashboard with minimal noise.

How is Federal Reserve Net Liquidity calculated?

Fed Net Liquidity is calculated as Total Fed Assets (WALCL) minus Treasury General Account (WTREGEN) minus Overnight Reverse Repurchase Agreements (RPTCW). It correlates over 85% with medium-term S&P 500 trends.

What does the 10Y-2Y yield curve spread signal?

Un-inversion of the 10Y-2Y yield curve spread (moving back above zero) is a sensitive leading indicator for economic cycle transitions and recession timing.

What is Equity Risk Premium (ERP)?

Equity Risk Premium (ERP) is calculated as S&P 500 Forward Earnings Yield (1 / Forward P/E) minus 10-Year Treasury Yield. Values below 1% signal equities are expensive relative to risk-free bonds.

CNN Fear & Greed Index (FG-INDEX) Live Data, Formula & Analysis

Macro Economic Definition & Formula

The CNN Fear & Greed Index measures equity market emotion on a scale from 0 (Extreme Fear) to 100 (Extreme Greed), rating investor psychology.

Formula: Equal-weighted average of 7 normalized market indicators: Market Momentum, Stock Price Strength, Stock Price Breadth, Put/Call Ratio, Junk Bond Demand, Market Volatility (VIX), Safe Haven Demand

Key Indicator Specifications Table

Indicator Parameter	Value / Specification
Indicator Name	CNN Fear & Greed Index
Ticker Symbol	FG-INDEX
Normal Baseline Range	25 (Extreme Fear) - 75 (Extreme Greed)
Unit of Measure	Score (0 - 100)
Authoritative Source	CNN Business / Market Data

Authoritative Data Source Citation

Extreme fear signals investors are excessively anxious, often undervaluing stocks. Extreme greed indicates FOMO sentiment and overbought risk.
Source: CNN Business / Market Data (https://www.cnn.com/markets/fear-and-greed)

Market Impact & Historical Context

Contrarian buying signals trigger when index drops below 25 (Extreme Fear); risk reduction triggers above 75 (Extreme Greed).

In October 2023, Fear & Greed reached Extreme Fear (18), marking the exact bottom before the S&P 500 rallied 25%. In March 2020, it hit a record low of 2.

sentimentFG-INDEX

CNN Fear & Greed Index

Latest Value110.5

+2.1%

The CNN Fear & Greed Index measures equity market emotion on a scale from 0 (Extreme Fear) to 100 (Extreme Greed), rating investor psychology.

NORMAL BASELINE RANGE25 (Extreme Fear) - 75 (Extreme Greed)

UNIT OF MEASUREScore (0 - 100)

AUTHORITATIVE DATA SOURCECNN Business / Market Data

Historical Trend & Macro Shading

Formula & Calculation Mechanism

Equal-weighted average of 7 normalized market indicators: Market Momentum, Stock Price Strength, Stock Price Breadth, Put/Call Ratio, Junk Bond Demand, Market Volatility (VIX), Safe Haven Demand

Extreme fear signals investors are excessively anxious, often undervaluing stocks. Extreme greed indicates FOMO sentiment and overbought risk.

Market Impact on US Equities & S&P 500

Contrarian buying signals trigger when index drops below 25 (Extreme Fear); risk reduction triggers above 75 (Extreme Greed).

Historical Precedents & Bull/Bear Regimes

In October 2023, Fear & Greed reached Extreme Fear (18), marking the exact bottom before the S&P 500 rallied 25%. In March 2020, it hit a record low of 2.

Frequently Asked Questions (FAQs)

Q:What is the CNN Fear & Greed Index today and how is it calculated?

The CNN Fear & Greed Index tracks daily US stock market emotion from 0 (Extreme Fear) to 100 (Extreme Greed) using 7 sub-indicators: Market Momentum (S&P 500 vs 125-day MA), Stock Price Strength (52-week highs vs lows), Stock Price Breadth (McClellan Volume Summation), Put and Call Options Ratio, Junk Bond Demand (credit spread), Market Volatility (VIX vs 50-day MA), and Safe Haven Demand (stocks vs bonds return differential).

Q:What does Extreme Fear (<25) and Extreme Greed (>75) mean for investors?

Readings below 25 indicate Extreme Fear, where pervasive panic often causes stocks to trade below fair value, creating historically high-probability contrarian buying opportunities. Readings above 75 indicate Extreme Greed, where speculative euphoria elevates downside correction risks.

Q:How accurate is the CNN Fear and Greed Index for S&P 500 market timing?

Historically, buying the S&P 500 when Fear & Greed drops below 20 has delivered positive 12-month returns over 85% of the time, functioning as an exceptional contrarian sentiment barometer.

Related Macro Indicators

^VIX