Indicator notes

Russian financial sector fear and greed index on February 27, 2025: 73.6 out of 100, in the “Greed” zone. The previous reading, on February 26, 2025, was 76.5 (“Extreme Greed”): the index fell by 2.9 points and crossed the 75 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. Before that the index had stayed in the “Extreme Greed” zone for 3 trading days in a row. Biggest component moves: “Sector breadth” at 79.1 versus 83.4 and “Sector momentum” at 81.1 versus 85.2. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on February 27, 2025: 63.6 out of 100, in the “Greed” zone. The previous reading, on February 26, 2025, was 74.4: the index fell sharply by 10.8 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 41.9 versus 72.1 and “Sector volatility” at 52.5 versus 58.0. This describes that date's reading; it is not a forecast.

High-yield bond market stress on February 27, 2025: 73.8 out of 100, in the “High pressure” zone. The previous reading, on February 26, 2025, was 75.9 (“Extreme pressure”): the indicator fell by 2.1 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 6 trading days in a row. Biggest component moves: “Price lag behind the market” at 58.3 versus 63.8 and “Yield spread over government bonds” at 89.2 versus 88.0. 2 of 3 components were available. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on February 26, 2025: 59.6 out of 100, in the “Greed” zone. The previous reading, on February 25, 2025, was 72.8: the index fell sharply by 13.2 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 8 trading days in a row in this zone. Biggest component moves: “Stock price strength” at 40.8 versus 77.9 and “Sector volatility” at 55.3 versus 64.0. This describes that date's reading; it is not a forecast.

Russian IT and telecom sector fear and greed index on February 26, 2025: 51.7 out of 100, in the “Neutral” zone. The previous reading, on February 25, 2025, was 59.3 (“Greed”): the index fell by 7.6 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: “Sector volatility” at 56.1 versus 73.7 and “Sector momentum” at 45.5 versus 59.4. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on February 26, 2025: 74.4 out of 100, in the “Greed” zone. The previous reading, on February 25, 2025, was 78.5 (“Extreme Greed”): the index fell by 4.1 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 momentum” at 86.0 versus 95.5 and “Sector volatility” at 58.0 versus 65.2. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on February 26, 2025: 64.9 out of 100, in the “Greed” zone. The previous reading, on February 25, 2025, was 78.7 (“Extreme Greed”): the index fell sharply by 13.8 points and crossed the 75 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. The index spent a single trading day in the “Extreme Greed” zone. Biggest component moves: “Stock price strength” at 36.9 versus 71.3 and “Sector momentum” at 76.7 versus 91.8. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on February 26, 2025: 44.9 out of 100, in the “Low pressure” zone. The previous reading, on February 25, 2025, was 45.3 (“Moderate pressure”): the indicator fell slightly by 0.4 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 20.6 versus 21.4 and “Currency weakening” at 66.2 versus 67.0. This describes that date's reading; it is not a forecast.

Pressure on the Serbian dinar on February 26, 2025: 75.6 out of 100, in the “Extreme pressure” zone. The previous reading, on February 25, 2025, was 74.6 (“High pressure”): the indicator rose slightly by 1.0 point 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 76.3 versus 73.9 and “Exchange rate volatility” at 82.2 versus 80.3. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on February 25, 2025: 78.5 out of 100, in the “Extreme Greed” zone. The previous reading, on February 24, 2025, was 70.8 (“Greed”): the index rose by 7.7 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 7 trading days in a row. Biggest component moves: “Stock price strength” at 72.2 versus 42.0 and “Sector volatility” at 65.2 versus 64.2. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on February 25, 2025: 78.7 out of 100, in the “Extreme Greed” zone. The previous reading, on February 24, 2025, was 70.1 (“Greed”): the index rose by 8.6 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 71.3 versus 37.0 and “Sector volatility” at 62.0 versus 61.4. This describes that date's reading; it is not a forecast.

Pressure on the Georgian lari on February 25, 2025: 72.3 out of 100, in the “High pressure” zone. The previous reading, on February 22, 2025, was 75.5 (“Extreme pressure”): the indicator fell by 3.2 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 6 trading days in a row. Biggest component moves: “Currency weakening” at 55.4 versus 62.0 and “Exchange rate volatility” at 71.4 versus 77.5. This describes that date's reading; it is not a forecast.

Pressure on the Serbian dinar on February 25, 2025: 74.6 out of 100, in the “High pressure” zone. The previous reading, on February 22, 2025, was 75.0 (“Extreme pressure”): the indicator fell slightly by 0.4 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 2 trading days in a row. Biggest component moves: “Currency weakening” at 73.9 versus 75.8 and “Exchange rate volatility” at 80.3 versus 80.1. This describes that date's reading; it is not a forecast.

Russian financial sector fear and greed index on February 24, 2025: 78.8 out of 100, in the “Extreme Greed” zone. The previous reading, on February 21, 2025, was 66.5 (“Greed”): the index rose sharply by 12.3 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 2 trading days in a row. Biggest component moves: “Stock price strength” at 70.7 versus 36.2 and “Sector volatility” at 61.4 versus 53.9. This describes that date's reading; it is not a forecast.

Russian IT and telecom sector fear and greed index on February 24, 2025: 58.1 out of 100, in the “Greed” zone. The previous reading, on February 21, 2025, was 54.7 (“Neutral”): the index rose by 3.4 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 4 trading days in a row. Biggest component moves: “Sector momentum” at 58.4 versus 51.7 and “Sector breadth” at 59.6 versus 55.3. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on February 24, 2025: 70.1 out of 100, in the “Greed” zone. The previous reading, on February 21, 2025, was 77.3 (“Extreme Greed”): the index fell by 7.2 points and crossed the 75 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. The index spent a single trading day in the “Extreme Greed” zone. Biggest component moves: “Stock price strength” at 37.0 versus 71.4 and “Sector volatility” at 61.4 versus 58.0. This describes that date's reading; it is not a forecast.

Bitcoin fear and greed index on February 24, 2025: 52.1 out of 100, in the “Neutral” zone. The previous reading, on February 23, 2025, was 58.4 (“Greed”): the index fell by 6.3 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 10 trading days in a row. Biggest component moves: “Price momentum” at 7.8 versus 26.2 and “Funding rate” at 13.6 versus 17.9. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Ether fear and greed index on February 24, 2025: 28.8 out of 100, in the “Fear” zone. The previous reading, on February 23, 2025, was 43.2: the index fell sharply by 14.4 points. That meets our shift threshold of 10 points; the zone did not change. The “Fear” zone covers readings from 25 to 45: investors are cautious and appetite for risk is below normal. The index has now spent 4 trading days in a row in this zone. Biggest component moves: “Volatility” at 48.1 versus 77.4 and “Price momentum” at 5.3 versus 31.9. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Financial anxiety in Armenia on February 23, 2025: 72.8 out of 100, in the “Elevated interest” zone. The previous reading, on February 16, 2025, was 35.6 (“Below-usual interest”): the index rose sharply by 37.2 points and crossed the 45 and 55 boundaries. The “Elevated interest” zone covers readings from 55 to 75: searches on the topic are above usual. The index spent a single week in the “Below-usual interest” zone. Biggest component moves: “Searches about deposits” at 62.5 versus 2.2 and “Searches about the dollar rate” at 83.0 versus 68.9. This describes that date's reading; it is not a forecast.

Financial anxiety in Belarus on February 23, 2025: 64.9 out of 100, in the “Elevated interest” zone. The previous reading, on February 16, 2025, was 53.7 (“Usual interest”): the index rose sharply by 11.2 points and crossed the 55 boundary. The “Elevated interest” zone covers readings from 55 to 75: searches on the topic are above usual. The index spent a single week in the “Usual interest” zone. Biggest component moves: “Searches about the dollar rate” at 79.8 versus 55.4 and “Searches about devaluation” at 26.6 versus 17.6. This describes that date's reading; it is not a forecast.

Financial anxiety in Georgia on February 23, 2025: 42.6 out of 100, in the “Below-usual interest” zone. The previous reading, on February 16, 2025, was 51.6 (“Usual interest”): the index fell by 9.0 points and crossed the 45 boundary. The “Below-usual interest” zone covers readings from 25 to 45: searches on the topic are below usual. Before that the index had stayed in the “Usual interest” zone for 2 weeks in a row. Biggest component moves: “Searches about deposits” at 3.5 versus 40.7 and “Searches about the dollar rate” at 81.7 versus 62.5. This describes that date's reading; it is not a forecast.

Financial anxiety in Kyrgyzstan on February 23, 2025: 62.5 out of 100, in the “Elevated interest” zone. The previous reading, on February 16, 2025, was 26.9 (“Below-usual interest”): the index rose sharply by 35.6 points and crossed the 45 and 55 boundaries. The “Elevated interest” zone covers readings from 55 to 75: searches on the topic are above usual. The index spent a single week in the “Below-usual interest” zone. Biggest component moves: “Searches about deposits” at 58.0 versus 16.3 and “Searches about the dollar rate” at 67.0 versus 37.5. This describes that date's reading; it is not a forecast.

Financial anxiety in Kazakhstan on February 23, 2025: 55.2 out of 100, in the “Elevated interest” zone. The previous reading, on February 16, 2025, was 53.5 (“Usual interest”): the index rose slightly by 1.7 points and crossed the 55 boundary. The “Elevated interest” zone covers readings from 55 to 75: searches on the topic are above usual. The index spent a single week in the “Usual interest” zone. Biggest component moves: “Searches about the dollar rate” at 77.2 versus 59.3 and “Searches about deposits” at 44.6 versus 56.7. This describes that date's reading; it is not a forecast.

Financial anxiety in Russia on February 23, 2025: 59.3 out of 100, in the “Elevated interest” zone. The previous reading, on February 16, 2025, was 41.1 (“Below-usual interest”): the index rose sharply by 18.2 points and crossed the 45 and 55 boundaries. The “Elevated interest” zone covers readings from 55 to 75: searches on the topic are above usual. The index spent a single week in the “Below-usual interest” zone. Biggest component moves: “Searches about the dollar rate” at 84.9 versus 55.4 and “Searches about devaluation” at 36.2 versus 17.0. This describes that date's reading; it is not a forecast.

Retail investor FOMO in Russia on February 23, 2025: 71.9 out of 100, in the “Elevated interest” zone. The previous reading, on February 16, 2025, was 57.2: the index rose sharply by 14.7 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 3 weeks in a row in this zone. Biggest component moves: “Searches about buying shares” at 83.7 versus 38.8 and “Searches about buying bitcoin” at 54.2 versus 64.4. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on February 22, 2025: 45.8 out of 100, in the “Moderate pressure” zone. The previous reading, on February 21, 2025, was 42.6 (“Low pressure”): the indicator rose by 3.2 points and crossed the 45 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. Before that the indicator had stayed in the “Low pressure” zone for 5 trading days in a row. Biggest component moves: “Exchange rate volatility” at 23.0 versus 8.8 and “Currency weakening” at 67.8 versus 69.0. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on February 21, 2025: 77.3 out of 100, in the “Extreme Greed” zone. The previous reading, on February 20, 2025, was 68.9 (“Greed”): the index rose by 8.4 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 3 trading days in a row. Biggest component moves: “Stock price strength” at 71.4 versus 37.1 and “Sector momentum” at 89.8 versus 90.8. This describes that date's reading; it is not a forecast.

Ether fear and greed index on February 21, 2025: 42.7 out of 100, in the “Fear” zone. The previous reading, on February 20, 2025, was 45.5 (“Neutral”): the index fell by 2.8 points and crossed the 45 boundary. The “Fear” zone covers readings from 25 to 45: investors are cautious and appetite for risk is below normal. The index spent a single trading day in the “Neutral” zone. Biggest component moves: “Implied volatility” at 56.3 versus 69.2 and “Funding rate” at 21.0 versus 14.4. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Serbian dinar on February 21, 2025: 75.7 out of 100, in the “Extreme pressure” zone. The previous reading, on February 20, 2025, was 74.9 (“High pressure”): the indicator rose slightly by 0.8 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 80.9 versus 79.3 and “Exchange rate volatility” at 77.7 versus 76.2. This describes that date's reading; it is not a forecast.

US market fear and greed index on February 21, 2025: 42.5 out of 100, in the “Fear” zone. The previous reading, on February 20, 2025, was 54.9 (“Neutral”): the index fell sharply by 12.4 points and crossed the 45 boundary. The “Fear” zone covers readings from 25 to 45: investors are cautious and appetite for risk is below normal. The index spent a single trading day in the “Neutral” zone. Biggest component moves: “52-week highs and lows” at 10.0 versus 40.0 and “Safe haven demand” at 25.4 versus 46.7. This describes that date's reading; it is not a forecast.