Node size is each signal's pull — its distance from neutral. Six sit right of centre; only reddit mention velocity, collapsed to 3, sits far left, and its weight is what holds the composite from running further into greed. The orange marker is where they net out: 67.
Money moving into stocks rather than the safety of Treasuries signals confidence — Greed. When investors crowd into Treasuries instead, it reads as Fear. Stocks have outrun bonds over the last 20 sessions.
The extra yield investors demand to hold risky high-yield bonds over safe ones. Narrow spreads mean appetite for risk — Greed; widening spreads signal Fear. Spreads are tight right now.
The VIX measures the swings investors expect. A calm market trading below its volatility trend reads as Greed; spikes above it read as Fear. Volatility is currently subdued.
The S&P 500 against its 125-day average. Trading above the average is positive momentum — Greed; slipping below it shows investors turning skittish — Fear.
The gap between 10-year and 2-year Treasury yields, a proxy for risk appetite. A steeper curve leans Greed; a flat or inverted curve leans Fear. The curve is comfortably steep right now.
Mention-weighted FinBERT sentiment across the subreddits we track. Net-bullish chatter reads as Greed, net-bearish as Fear. The crowd is split down the middle.
Total mention volume against its 30-day baseline. A surge in chatter signals euphoric Greed; a collapse signals apathy and Fear. Volume has fallen sharply — at 3, it is the strongest single pull toward Fear on the index, nearly offsetting the credit and safe-haven greed above.