How we read the market

The Market Pulse combines multiple indicators into a consistent daily assessment of market conditions. These include:

• Equity market performance and participation
• Volatility indicators such as the VIX
• High-yield credit spreads and credit stress
• Treasury yields and the yield curve
• Sentiment and liquidity measures

The proposed 0–1 composite risk score runs from lower observed risk to higher observed risk. It is not a prediction or guarantee of future returns. We will publish fuller calculation details and source timestamps before displaying live readings.