Indicator notes

Russian financial sector fear and greed index on February 20, 2025: 67.5 out of 100, in the “Greed” zone. The previous reading, on February 19, 2025, was 80.7 (“Extreme Greed”): the index fell sharply by 13.2 points and crossed the 75 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. Before that the index had stayed in the “Extreme Greed” zone for 6 trading days in a row. Biggest component moves: “Stock price strength” at 36.2 versus 86.2 and “Sector momentum” at 90.2 versus 92.2. This describes that date's reading; it is not a forecast.

Ether fear and greed index on February 20, 2025: 45.5 out of 100, in the “Neutral” zone. The previous reading, on February 19, 2025, was 42.3 (“Fear”): the index rose by 3.2 points and crossed the 45 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Fear” zone for 8 trading days in a row. Biggest component moves: “Implied volatility” at 69.2 versus 52.2 and “Funding rate” at 14.4 versus 21.8. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Serbian dinar on February 20, 2025: 74.9 out of 100, in the “High pressure” zone. The previous reading, on February 19, 2025, was 75.4 (“Extreme pressure”): the indicator fell slightly by 0.5 points and crossed the 75 boundary. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Before that the indicator had stayed in the “Extreme pressure” zone for 12 trading days in a row. Biggest component moves: “Exchange rate volatility” at 76.2 versus 77.9 and “Currency weakening” at 79.3 versus 79.6. This describes that date's reading; it is not a forecast.

US market fear and greed index on February 20, 2025: 54.9 out of 100, in the “Neutral” zone. The previous reading, on February 19, 2025, was 65.3 (“Greed”): the index fell sharply by 10.4 points and crossed the 55 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Greed” zone for 4 trading days in a row. Biggest component moves: “52-week highs and lows” at 40.0 versus 88.9 and “Safe haven demand” at 46.7 versus 56.5. This describes that date's reading; it is not a forecast.

High-yield bond market stress on February 19, 2025: 75.1 out of 100, in the “Extreme pressure” zone. The previous reading, on February 18, 2025, was 72.5 (“High pressure”): the indicator rose by 2.6 points and crossed the 75 boundary. The “Extreme pressure” zone covers readings from 75 to 100: stress in the high-yield bond market is close to the highest in its history. The indicator spent a single trading day in the “High pressure” zone. Biggest component moves: “Price lag behind the market” at 66.0 versus 60.1 and “Yield spread over government bonds” at 84.1 versus 84.9. 2 of 3 components were available. This describes that date's reading; it is not a forecast.

Russian chemicals and fertilizers sector fear and greed index on February 18, 2025: 73.3 out of 100, in the “Greed” zone. The previous reading, on February 17, 2025, was 75.1 (“Extreme Greed”): the index fell slightly by 1.8 points and crossed the 75 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. Before that the index had stayed in the “Extreme Greed” zone for 23 trading days in a row. Biggest component moves: “Sector volatility” at 67.0 versus 70.3 and “Sector momentum” at 89.6 versus 91.6. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on February 18, 2025: 60.9 out of 100, in the “Greed” zone. The previous reading, on February 17, 2025, was 72.8: the index fell sharply by 11.9 points. That meets our shift threshold of 10 points; the zone did not change. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. The index has now spent 2 trading days in a row in this zone. Biggest component moves: “Stock price strength” at 40.7 versus 77.3 and “Sector volatility” at 67.4 versus 77.3. This describes that date's reading; it is not a forecast.

Russian IT and telecom sector fear and greed index on February 18, 2025: 51.7 out of 100, in the “Neutral” zone. The previous reading, on February 17, 2025, was 63.7 (“Greed”): the index fell sharply by 12.0 points and crossed the 55 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Greed” zone for 2 trading days in a row. Biggest component moves: “Stock price strength” at 41.1 versus 75.9 and “Sector volatility” at 77.3 versus 86.4. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on February 18, 2025: 66.5 out of 100, in the “Greed” zone. The previous reading, on February 17, 2025, was 78.5 (“Extreme Greed”): the index fell sharply by 12.0 points and crossed the 75 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. Before that the index had stayed in the “Extreme Greed” zone for 2 trading days in a row. Biggest component moves: “Stock price strength” at 37.1 versus 71.5 and “Sector momentum” at 82.8 versus 93.4. This describes that date's reading; it is not a forecast.

High-yield bond market stress on February 18, 2025: 72.5 out of 100, in the “High pressure” zone. The previous reading, on February 17, 2025, was 77.7 (“Extreme pressure”): the indicator fell by 5.2 points and crossed the 75 boundary. The “High pressure” zone covers readings from 55 to 75: stress in the high-yield bond market is clearly above usual. Before that the indicator had stayed in the “Extreme pressure” zone for 173 trading days in a row. Biggest component moves: “Price lag behind the market” at 60.1 versus 68.8 and “Yield spread over government bonds” at 84.9 versus 86.6. 2 of 3 components were available. This describes that date's reading; it is not a forecast.

Russian market fear and greed index on February 17, 2025: 74.7 out of 100, in the “Greed” zone. The previous reading, on February 14, 2025, was 60.4: the index rose sharply by 14.3 points. That meets our shift threshold of 10 points; the zone did not change. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. The index has now spent 3 trading days in a row in this zone. Biggest component moves: “Credit risk appetite” at 75.1 versus 19.1 and “Safe haven demand” at 97.7 versus 73.7. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on February 17, 2025: 72.8 out of 100, in the “Greed” zone. The previous reading, on February 14, 2025, was 75.9 (“Extreme Greed”): the index fell by 3.1 points and crossed the 75 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. The index spent a single trading day in the “Extreme Greed” zone. Biggest component moves: “Sector volatility” at 77.3 versus 95.5 and “Sector breadth” at 70.3 versus 67.0. This describes that date's reading; it is not a forecast.

Russian industrial sector fear and greed index on February 17, 2025: 50.2 out of 100, in the “Neutral” zone. The previous reading, on February 14, 2025, was 61.1 (“Greed”): the index fell sharply by 10.9 points and crossed the 55 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. Before that the index had stayed in the “Greed” zone for 18 trading days in a row. Biggest component moves: “Sector volatility” at 30.3 versus 79.7 and “Sector momentum” at 66.2 versus 61.0. This describes that date's reading; it is not a forecast.

Financial anxiety in Armenia on February 16, 2025: 35.6 out of 100, in the “Below-usual interest” zone. The previous reading, on February 9, 2025, was 64.4 (“Elevated interest”): the index fell sharply by 28.8 points and crossed the 55 and 45 boundaries. The “Below-usual interest” zone covers readings from 25 to 45: searches on the topic are below usual. The index spent a single week in the “Elevated interest” zone. Biggest component moves: “Searches about deposits” at 2.2 versus 57.4 and “Searches about the dollar rate” at 68.9 versus 71.5. This describes that date's reading; it is not a forecast.

Financial anxiety in Belarus on February 16, 2025: 53.7 out of 100, in the “Usual interest” zone. The previous reading, on February 9, 2025, was 63.6 (“Elevated interest”): the index fell by 9.9 points and crossed the 55 boundary. The “Usual interest” zone covers readings from 45 to 55: searches on the topic are about at their usual level. Before that the index had stayed in the “Elevated interest” zone for 5 weeks in a row. Biggest component moves: “Searches about devaluation” at 17.6 versus 44.6 and “Searches about the dollar rate” at 55.4 versus 56.7. This describes that date's reading; it is not a forecast.

Financial anxiety in Kyrgyzstan on February 16, 2025: 26.9 out of 100, in the “Below-usual interest” zone. The previous reading, on February 9, 2025, was 62.2 (“Elevated interest”): the index fell sharply by 35.3 points and crossed the 55 and 45 boundaries. The “Below-usual interest” zone covers readings from 25 to 45: searches on the topic are below usual. The index spent a single week in the “Elevated interest” zone. Biggest component moves: “Searches about deposits” at 16.3 versus 84.9 and “Searches about the dollar rate” at 37.5 versus 39.4. This describes that date's reading; it is not a forecast.

Financial anxiety in Kazakhstan on February 16, 2025: 53.5 out of 100, in the “Usual interest” zone. The previous reading, on February 9, 2025, was 57.8 (“Elevated interest”): the index fell by 4.3 points and crossed the 55 boundary. The “Usual interest” zone covers readings from 45 to 55: searches on the topic are about at their usual level. The index spent a single week in the “Elevated interest” zone. Biggest component moves: “Searches about deposits” at 56.7 versus 67.6 and “Searches about devaluation” at 44.6 versus 47.8. This describes that date's reading; it is not a forecast.

Financial anxiety in Russia on February 16, 2025: 41.1 out of 100, in the “Below-usual interest” zone. The previous reading, on February 9, 2025, was 49.3 (“Usual interest”): the index fell by 8.2 points and crossed the 45 boundary. The “Below-usual interest” zone covers readings from 25 to 45: searches on the topic are below usual. The index spent a single week in the “Usual interest” zone. Biggest component moves: “Searches about the dollar rate” at 55.4 versus 64.4 and “Searches about deposits” at 51.0 versus 59.3. This describes that date's reading; it is not a forecast.

Retail investor FOMO in Russia on February 16, 2025: 57.2 out of 100, in the “Elevated interest” zone. The previous reading, on February 9, 2025, was 69.6: the index fell sharply by 12.4 points. That meets our shift threshold of 10 points; the zone did not change. The “Elevated interest” zone covers readings from 55 to 75: searches on the topic are above usual. The index has now spent 2 weeks in a row in this zone. Biggest component moves: “Searches about buying shares” at 38.8 versus 54.8 and “Searches about buying bitcoin” at 64.4 versus 80.4. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on February 15, 2025: 43.3 out of 100, in the “Low pressure” zone. The previous reading, on February 14, 2025, was 49.3 (“Moderate pressure”): the indicator fell by 6.0 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Moderate pressure” zone for 2 trading days in a row. Biggest component moves: “Exchange rate volatility” at 9.2 versus 33.2 and “Currency weakening” at 72.5 versus 72.6. This describes that date's reading; it is not a forecast.

Pressure on the Georgian lari on February 15, 2025: 75.4 out of 100, in the “Extreme pressure” zone. The previous reading, on February 14, 2025, was 74.7 (“High pressure”): the indicator rose slightly by 0.7 points and crossed the 75 boundary. The “Extreme pressure” zone covers readings from 75 to 100: pressure on the currency is close to the highest in its history. The indicator spent a single trading day in the “High pressure” zone. Biggest component moves: “Currency weakening” at 67.0 versus 64.0 and “International reserves” at 81.9 versus 82.0. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on February 14, 2025: 75.9 out of 100, in the “Extreme Greed” zone. The previous reading, on February 13, 2025, was 66.7 (“Greed”): the index rose by 9.2 points and crossed the 75 boundary. The “Extreme Greed” zone covers readings from 75 to 100: optimism is close to its limit and risk is taken eagerly. The index spent a single trading day in the “Greed” zone. Biggest component moves: “Stock price strength” at 77.4 versus 40.8 and “Sector breadth” at 67.0 versus 65.4. This describes that date's reading; it is not a forecast.

Russian IT and telecom sector fear and greed index on February 14, 2025: 63.0 out of 100, in the “Greed” zone. The previous reading, on February 13, 2025, was 53.8 (“Neutral”): the index rose by 9.2 points and crossed the 55 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. The index spent a single trading day in the “Neutral” zone. Biggest component moves: “Stock price strength” at 76.0 versus 41.1 and “Sector volatility” at 91.0 versus 88.2. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on February 14, 2025: 68.4 out of 100, in the “Greed” zone. The previous reading, on February 13, 2025, was 76.0 (“Extreme Greed”): the index fell by 7.6 points and crossed the 75 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. The index spent a single trading day in the “Extreme Greed” zone. Biggest component moves: “Stock price strength” at 42.0 versus 72.1 and “Sector momentum” at 72.5 versus 75.3. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on February 14, 2025: 76.0 out of 100, in the “Extreme Greed” zone. The previous reading, on February 13, 2025, was 68.9 (“Greed”): the index rose by 7.1 points and crossed the 75 boundary. The “Extreme Greed” zone covers readings from 75 to 100: optimism is close to its limit and risk is taken eagerly. Before that the index had stayed in the “Greed” zone for 17 trading days in a row. Biggest component moves: “Stock price strength” at 71.6 versus 37.3 and “Sector momentum” at 76.9 versus 82.2. This describes that date's reading; it is not a forecast.

Bitcoin fear and greed index on February 14, 2025: 58.5 out of 100, in the “Greed” zone. The previous reading, on February 13, 2025, was 54.9 (“Neutral”): the index rose by 3.6 points and crossed the 55 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. Before that the index had stayed in the “Neutral” zone for 3 trading days in a row. Biggest component moves: “Volatility” at 89.5 versus 84.0 and “Price momentum” at 31.6 versus 28.1. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Georgian lari on February 14, 2025: 74.7 out of 100, in the “High pressure” zone. The previous reading, on February 13, 2025, was 76.8 (“Extreme pressure”): the indicator fell by 2.1 points and crossed the 75 boundary. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. The indicator spent a single trading day in the “Extreme pressure” zone. Biggest component moves: “International reserves” at 82.0 versus 97.7 and “Currency weakening” at 64.0 versus 58.1. This describes that date's reading; it is not a forecast.

Pressure on the Russian rouble on February 14, 2025: 35.1 out of 100, in the “Low pressure” zone. The previous reading, on February 13, 2025, was 47.9 (“Moderate pressure”): the indicator fell sharply by 12.8 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. Before that the indicator had stayed in the “Moderate pressure” zone for 6 trading days in a row. Biggest component moves: “International reserves” at 34.2 versus 79.9 and “Currency weakening” at 0.3 versus 11.4. This describes that date's reading; it is not a forecast.

Russian market fear and greed index on February 13, 2025: 68.3 out of 100, in the “Greed” zone. The previous reading, on February 12, 2025, was 76.3 (“Extreme Greed”): the index fell by 8.0 points and crossed the 75 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. The index spent a single trading day in the “Extreme Greed” zone. Biggest component moves: “Credit risk appetite” at 38.6 versus 90.8 and “Stock price strength” at 57.0 versus 80.9. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on February 13, 2025: 66.7 out of 100, in the “Greed” zone. The previous reading, on February 12, 2025, was 75.6 (“Extreme Greed”): the index fell by 8.9 points and crossed the 75 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. The index spent a single trading day in the “Extreme Greed” zone. Biggest component moves: “Stock price strength” at 40.8 versus 77.3 and “Sector breadth” at 65.4 versus 64.4. This describes that date's reading; it is not a forecast.