Market health
Seven category gauges. Indicators never vote directly — they vote through their category, and each category votes into the cycle score.
Liquidity
Macro backdrop: money supply, the dollar, real yields, credit and Fed balance sheet.
| Indicator | Current | Δ 1w | Score | Contribution | Weight |
|---|---|---|---|---|---|
| Global M2 (proxy)stale | 2.6 % 3m | -0.04 | 100 | 6.2 | |
| Fed Net Liquiditystale | 5,780 $bn | -16.04 | 30 | 6.5 | |
| Broad Dollar Indexstale | 118.75 index | -0.15 | 73 | 5.8 | |
| 10Y Real Yieldstale | 2.44 % | +0.03 | 3 | 5.8 | |
| High Yield Credit Spreadstale | 2.65 % | -0.08 | 100 | 6.3 | |
| US M2stale | 23,218 $bn | +62.8 | 100 | 3 | |
| Chicago Fed NFCIstale | -0.56 index | +0 | 100 | 3.5 | |
| Overnight Reverse Repostale | 0.53 $bn | +0.21 | 100 | 2.4 | |
| Treasury General Accountstale | 950.74 $bn | -13.21 | 0 | 2.4 |