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) | 2.6 % 3m | -0.04 | 100 | 6.2 | |
| Fed Net Liquidity | 6,120 $bn | +963,310 | 87 | 6.5 | |
| Broad Dollar Index | 118.4 index | -0.5 | 76 | 5.8 | |
| 10Y Real Yield | 2.41 % | +0.66 | 5 | 5.8 | |
| High Yield Credit Spread | 3.1 % | +0.35 | 97 | 6.3 | |
| US M2 | 23,155 $bn | +1,005 | 100 | 3 | |
| Chicago Fed NFCI | -0.56 index | -0.12 | 100 | 3.5 | |
| Treasury General Account | 640 $bn | -963,310 | 65 | 2.4 | |
| Overnight Reverse Repo | 180 $bn | +179.68 | 87 | 2.4 |