Overall Regime
Neutral/Mixed
VIX
17.5
10Y-2Y Spread
0.550%
YC Z-Score
-0.01
HYG/LQD Ratio
0.7329
Breadth %
0.0%
About This Dashboard
Broad macro overview: VIX, treasury yield curve and spreads, credit indicators, sector heatmap, commodities, currencies, and market breadth. Overall regime classification with 5-day trend indicators and threshold alerts for key risk metrics.
Today's macro dashboard shows a mixed picture with some concerning signals beneath the surface. The VIX sits at 19.12, indicating moderate volatility without acute stress, while SPY is trading above both its 50-day (674.29) and 200-day (664.36) moving averages at 686.10, suggesting an intact uptrend. However, the breadth_pct_above_200ma reading of 0.0% is a red flag—it means zero stocks in the measured universe are trading above their 200-day averages, which is an extreme divergence despite the SPY itself being above its long-term trend. Treasury spreads remain modestly positive (10y-2y at 0.52%), suggesting no inversion stress, but the HYG/LQD ratio of 0.7322 indicates high-yield credit is underperforming investment-grade bonds, a typical warning sign during risk-off periods. The combination of broad market weakness at the stock level alongside SPY strength suggests concentration in a narrow set of large-cap names rather than healthy, broad-based gains.
For educational and informational purposes only. Not financial advice. Past performance does not guarantee future results.
NEUTRAL/MIXED
Net Score: 0.5  |  Bullish: 1.5  |  Bearish: 1
Confidence: Low

Regime Changes (1)

vs yesterday
IndicatorFromTo
VIXElevatedNormal

Alerts (1)

Threshold breaches
Breadth Weak: 0.0% above 200MAHIGH

5-Day Trends

Change from 5 days ago
VIX Change (5d)
▼ 26.40%
Down = good
Yield Curve Chg (5d)
▼ 1.00bps
10Y-2Y, up = steeper
HYG/LQD Chg (5d)
▲ 1.16%
Up = risk-on
Breadth Chg (5d)
N/A
% above 200MA proxy

VIX and Volatility

VIX Level
17.5
Normal
VVIX
95.2
Vol of Vol
ETF ProxyPrice
VIXY27.93
UVXY38.15
VXX28.98

Treasury Yield Curve

Curve Regime
Normal
Date: 2026-04-17

Yield Rates

TenorRate
1M3.690%
2M3.730%
3M3.700%
6M3.690%
1Y3.640%
2Y3.710%
3Y3.720%
5Y3.840%
7Y4.040%
10Y4.260%
20Y4.850%
30Y4.880%

Key Spreads

SpreadValue
10Y - 2Y0.550%
10Y - 3M0.560%
30Y - 10Y0.620%

Credit Markets

HYG/LQD Ratio
0.7329
Neutral
ETFPrice1D Chg%
HYG80.650.37%
LQD110.040.56%
JNK97.08N/A
EMB96.67N/A
AGG99.85N/A

Sector Performance

Sorted best to worst
Sector1D Change %
Consumer Defensive1.41%
Communication Services1.25%
Real Estate1.14%
Energy0.77%
Financial Services0.65%
Industrials0.49%
Technology0.36%
Healthcare0.26%
Consumer Cyclical-0.12%
Basic Materials-0.50%
Utilities-1.24%

Commodities

Futures

CommodityPrice1D %
Gold4879.601.48%
Silver81.843.98%
Crude Oil82.59-12.78%
Natural Gas2.671.06%
Copper6.110.63%

ETF Proxies

SymbolPrice1D %
GLD445.931.33%
SLV73.633.35%
USO116.04-7.79%
UNG10.840.56%
DBC28.29-2.82%

Indices

SPY vs 50MA
Above
710.14 vs 674.51
SPY vs 200MA
Above
710.14 vs 666.01
SymbolPrice1D %50MA200MA
^GSPC7125.121.19%50MA200MA
^DJI49447.421.79%50MA200MA
^IXIC24468.481.52%50MA200MA
^RUT2776.902.11%50MA200MA
SPY710.141.21%50MA200MA
QQQ648.851.31%50MA200MA
IWM275.782.16%50MA200MA
DIA494.221.77%50MA200MA

Breadth (from sector_rotation_1y_data)

Breadth Regime
Weak
505 ETFs tracked
Above 200MA Proxy
0.0%
Strong trend>5.5
MetricPct of Universe
Above 200MA Proxy (trend_1w > 5.5)0.0%
Above 50MA Proxy (trend_1d > 5.5)0.0%
Above 20MA Proxy (mom_1d > 5.5)0.0%
Positive 5D Return79.2%
Bullish SecRot Score (>=60%)0.0%