Composite investor sentiment reading based on options positioning,
volatility expectations, market breadth, momentum, and credit conditions.
Market Interpretation
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Each component’s score against the neutral midpoint of 50, sorted by its weighted contribution to the composite. Click a row for detail.
Sentiment by week
Each cell is one week’s average reading, colored by zone, from 1990. Hover for the date, value and factor coverage. Fewer factors are available before 2001; see Methodology.
Factor detail
Every scored factor: current reading, how far that sits from its own one-year norm (z-score), the resulting 0–100 score, and its weighted contribution to the composite. Click a row for full calculation.
Methodology
Independent research. For informational purposes only. Not investment advice. Index levels are model outputs, not forecasts. Data: Yahoo Finance (prices, CBOE volatility indices), S&P 500 constituent breadth computed from Yahoo Finance history, Alpha Vantage (news sentiment, options put/call). Scores are computed once per trading day after the close.