Indicator notes

Russian IT and telecom sector fear and greed index on October 1, 2025: 22.9 out of 100, in the “Extreme Fear” zone. The previous reading, on September 30, 2025, was 26.9 (“Fear”): the index fell by 4.0 points and crossed the 25 boundary. The “Extreme Fear” zone covers readings from 0 to 25: investors are avoiding risk and selling dominates. Before that the index had stayed in the “Fear” zone for 5 trading days in a row. Biggest component moves: “Sector momentum” at 30.9 versus 37.2 and “Stock price strength” at 2.8 versus 9.1. This describes that date's reading; it is not a forecast.

Pressure on the Kazakhstani tenge on October 1, 2025: 61.1 out of 100, in the “High pressure” zone. The previous reading, on September 30, 2025, was 54.9 (“Moderate pressure”): the indicator rose by 6.2 points and crossed the 55 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 “Moderate pressure” zone for 3 trading days in a row. Biggest component moves: “Currency weakening” at 72.7 versus 60.1 and “Exchange rate volatility” at 24.2 versus 12.2. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on September 30, 2025: 49.9 out of 100, in the “Neutral” zone. The previous reading, on September 29, 2025, was 38.8 (“Fear”): the index rose sharply by 11.1 points and crossed the 45 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. The index spent a single trading day in the “Fear” zone. Biggest component moves: “Stock price strength” at 92.0 versus 48.7 and “Sector volatility” at 24.3 versus 23.1. This describes that date's reading; it is not a forecast.

Russian industrial sector fear and greed index on September 30, 2025: 23.5 out of 100, in the “Extreme Fear” zone. The previous reading, on September 29, 2025, was 26.4 (“Fear”): the index fell by 2.9 points and crossed the 25 boundary. The “Extreme Fear” zone covers readings from 0 to 25: investors are avoiding risk and selling dominates. Before that the index had stayed in the “Fear” zone for 3 trading days in a row. Biggest component moves: “Sector breadth” at 25.9 versus 31.6 and “Sector momentum” at 36.8 versus 39.6. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on September 29, 2025: 38.8 out of 100, in the “Fear” zone. The previous reading, on September 26, 2025, was 50.9 (“Neutral”): the index fell sharply by 12.1 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. Before that the index had stayed in the “Neutral” zone for 3 trading days in a row. Biggest component moves: “Stock price strength” at 48.7 versus 92.1 and “Sector breadth” at 27.5 versus 29.7. This describes that date's reading; it is not a forecast.

Russian financial sector fear and greed index on September 29, 2025: 20.6 out of 100, in the “Extreme Fear” zone. The previous reading, on September 26, 2025, was 25.6 (“Fear”): the index fell by 5.0 points and crossed the 25 boundary. The “Extreme Fear” zone covers readings from 0 to 25: investors are avoiding risk and selling dominates. Before that the index had stayed in the “Fear” zone for 8 trading days in a row. Biggest component moves: “Stock price strength” at 4.5 versus 14.2 and “Sector volatility” at 60.6 versus 64.2. This describes that date's reading; it is not a forecast.

Russian IT and telecom sector fear and greed index on September 29, 2025: 27.6 out of 100, in the “Fear” zone. The previous reading, on September 26, 2025, was 41.9: the index fell sharply by 14.3 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: “Sector volatility” at 18.8 versus 52.9 and “Stock price strength” at 9.0 versus 19.8. This describes that date's reading; it is not a forecast.

Financial anxiety in Armenia on September 28, 2025: 78.8 out of 100, in the “Surge of interest” zone. The previous reading, on September 21, 2025, was 91.0: the index fell sharply by 12.2 points. That meets our shift threshold of 10 points; the zone did not change. The “Surge of interest” zone covers readings from 75 to 100: searches on the topic are far above usual. The index has now spent 2 weeks in a row in this zone. Biggest component moves: “Searches about deposits” at 76.6 versus 91.3 and “Searches about the dollar rate” at 81.1 versus 90.7. This describes that date's reading; it is not a forecast.

Financial anxiety in Belarus on September 28, 2025: 50.3 out of 100, in the “Usual interest” zone. The previous reading, on September 21, 2025, was 77.5 (“Surge of interest”): the index fell sharply by 27.2 points and crossed the 75 and 55 boundaries. 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 “Surge of interest” zone. Biggest component moves: “Searches about devaluation” at 3.5 versus 62.5 and “Searches about the dollar rate” at 69.6 versus 90.7. This describes that date's reading; it is not a forecast.

Financial anxiety in Kazakhstan on September 28, 2025: 52.0 out of 100, in the “Usual interest” zone. The previous reading, on September 21, 2025, was 55.7 (“Elevated interest”): the index fell by 3.7 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 devaluation” at 27.2 versus 47.8 and “Searches about the dollar rate” at 96.5 versus 80.4. This describes that date's reading; it is not a forecast.

Financial anxiety in Russia on September 28, 2025: 35.6 out of 100, in the “Below-usual interest” zone. The previous reading, on September 21, 2025, was 55.9 (“Elevated interest”): the index fell sharply by 20.3 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 the dollar rate” at 47.1 versus 81.7 and “Searches about devaluation” at 10.6 versus 37.5. This describes that date's reading; it is not a forecast.

Retail investor FOMO in Russia on September 28, 2025: 42.0 out of 100, in the “Below-usual interest” zone. The previous reading, on September 21, 2025, was 46.7 (“Usual interest”): the index fell by 4.7 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 buying shares” at 66.3 versus 81.1 and “Searches about buying bitcoin” at 26.6 versus 20.2. This describes that date's reading; it is not a forecast.

Pressure on the Serbian dinar on September 27, 2025: 47.5 out of 100, in the “Moderate pressure” zone. The previous reading, on September 26, 2025, was 43.9 (“Low pressure”): the indicator rose by 3.6 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 4 trading days in a row. Biggest component moves: “Exchange rate volatility” at 42.6 versus 34.4 and “Currency weakening” at 35.4 versus 29.1. This describes that date's reading; it is not a forecast.

Russian consumer sector fear and greed index on September 26, 2025: 24.0 out of 100, in the “Extreme Fear” zone. The previous reading, on September 25, 2025, was 25.7 (“Fear”): the index fell slightly by 1.7 points and crossed the 25 boundary. The “Extreme Fear” zone covers readings from 0 to 25: investors are avoiding risk and selling dominates. Before that the index had stayed in the “Fear” zone for 10 trading days in a row. Biggest component moves: “Sector breadth” at 10.0 versus 14.4 and “Sector volatility” at 54.9 versus 57.2. This describes that date's reading; it is not a forecast.

Ether fear and greed index on September 26, 2025: 63.8 out of 100, in the “Greed” zone. The previous reading, on September 25, 2025, was 49.5 (“Neutral”): the index rose sharply by 14.3 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 2 trading days in a row. Biggest component moves: “Funding rate” at 44.5 versus 2.9 and “Implied volatility” at 87.3 versus 74.9. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Kazakhstani tenge on September 26, 2025: 53.5 out of 100, in the “Moderate pressure” zone. The previous reading, on September 25, 2025, was 56.1 (“High pressure”): the indicator fell by 2.6 points and crossed the 55 boundary. The “Moderate pressure” zone covers readings from 45 to 55: pressure on the currency is close to what is usual for its history. The indicator spent a single trading day in the “High pressure” zone. Biggest component moves: “Currency weakening” at 57.5 versus 66.0 and “Exchange rate volatility” at 9.1 versus 11.0. This describes that date's reading; it is not a forecast.

Pressure on the Russian rouble on September 26, 2025: 42.5 out of 100, in the “Low pressure” zone. The previous reading, on September 25, 2025, was 45.9 (“Moderate pressure”): the indicator fell by 3.4 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 3 trading days in a row. Biggest component moves: “International reserves” at 25.5 versus 39.2 and “Exchange rate volatility” at 62.0 versus 61.6. This describes that date's reading; it is not a forecast.

Russian financial sector fear and greed index on September 25, 2025: 25.0 out of 100, in the “Fear” zone. The previous reading, on September 24, 2025, was 36.1: the index fell sharply by 11.1 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 7 trading days in a row in this zone. Biggest component moves: “Stock price strength” at 7.9 versus 46.0 and “Sector momentum” at 15.0 versus 17.6. This describes that date's reading; it is not a forecast.

Russian industrial sector fear and greed index on September 25, 2025: 31.9 out of 100, in the “Fear” zone. The previous reading, on September 24, 2025, was 46.8 (“Neutral”): the index fell sharply by 14.9 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: “Stock price strength” at 2.8 versus 56.6 and “Sector breadth” at 39.0 versus 45.9. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on September 25, 2025: 43.5 out of 100, in the “Fear” zone. The previous reading, on September 24, 2025, was 45.4 (“Neutral”): the index fell slightly by 1.9 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: “Stock price strength” at 5.9 versus 18.5 and “Sector volatility” at 61.8 versus 54.3. This describes that date's reading; it is not a forecast.

Bitcoin fear and greed index on September 25, 2025: 56.4 out of 100, in the “Greed” zone. The previous reading, on September 24, 2025, was 67.9: the index fell sharply by 11.5 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 18 trading days in a row in this zone. Biggest component moves: “Funding rate” at 30.8 versus 47.8 and “Price momentum” at 12.2 versus 28.9. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Kazakhstani tenge on September 25, 2025: 56.1 out of 100, in the “High pressure” zone. The previous reading, on September 24, 2025, was 54.7 (“Moderate pressure”): the indicator rose slightly by 1.4 points and crossed the 55 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 “Moderate pressure” zone for 6 trading days in a row. Biggest component moves: “Currency weakening” at 66.0 versus 58.7 and “Exchange rate volatility” at 11.0 versus 12.5. This describes that date's reading; it is not a forecast.

Russian market fear and greed index on September 24, 2025: 44.2 out of 100, in the “Fear” zone. The previous reading, on September 23, 2025, was 45.3 (“Neutral”): the index fell slightly by 1.1 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. Before that the index had stayed in the “Neutral” zone for 8 trading days in a row. Biggest component moves: “Safe haven demand” at 30.7 versus 43.6 and “Stock price strength” at 13.2 versus 4.3. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on September 24, 2025: 52.8 out of 100, in the “Neutral” zone. The previous reading, on September 23, 2025, was 38.0 (“Fear”): the index rose sharply by 14.8 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 3 trading days in a row. Biggest component moves: “Stock price strength” at 92.3 versus 7.0 and “Sector volatility” at 23.1 versus 56.6. This describes that date's reading; it is not a forecast.

Russian financial sector fear and greed index on September 24, 2025: 36.1 out of 100, in the “Fear” zone. The previous reading, on September 23, 2025, was 26.0: the index rose sharply by 10.1 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 6 trading days in a row in this zone. Biggest component moves: “Stock price strength” at 46.0 versus 4.4 and “Sector volatility” at 68.8 versus 71.5. This describes that date's reading; it is not a forecast.

Russian industrial sector fear and greed index on September 24, 2025: 46.8 out of 100, in the “Neutral” zone. The previous reading, on September 23, 2025, was 34.1 (“Fear”): the index rose sharply by 12.7 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 3 trading days in a row. Biggest component moves: “Stock price strength” at 56.6 versus 2.7 and “Sector breadth” at 45.9 versus 51.7. This describes that date's reading; it is not a forecast.

Russian IT and telecom sector fear and greed index on September 24, 2025: 44.0 out of 100, in the “Fear” zone. The previous reading, on September 23, 2025, was 45.6 (“Neutral”): the index fell slightly by 1.6 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. Before that the index had stayed in the “Neutral” zone for 4 trading days in a row. Biggest component moves: “Sector volatility” at 57.0 versus 77.5 and “Stock price strength” at 19.5 versus 8.8. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on September 24, 2025: 45.4 out of 100, in the “Neutral” zone. The previous reading, on September 23, 2025, was 44.0 (“Fear”): the index rose slightly by 1.4 points and crossed the 45 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. The index spent a single trading day in the “Fear” zone. Biggest component moves: “Stock price strength” at 18.5 versus 8.2 and “Sector volatility” at 54.3 versus 60.6. This describes that date's reading; it is not a forecast.

Ether fear and greed index on September 24, 2025: 54.4 out of 100, in the “Neutral” zone. The previous reading, on September 23, 2025, was 55.3 (“Greed”): the index fell slightly by 0.9 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 7 trading days in a row. Biggest component moves: “Funding rate” at 4.8 versus 12.5 and “Implied volatility” at 85.1 versus 81.8. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Georgian lari on September 24, 2025: 44.1 out of 100, in the “Low pressure” zone. The previous reading, on September 23, 2025, was 45.3 (“Moderate pressure”): the indicator fell slightly by 1.2 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: pressure on the currency is weaker than usual. The indicator spent a single trading day in the “Moderate pressure” zone. Biggest component moves: “Currency weakening” at 50.7 versus 61.0 and “Exchange rate volatility” at 52.5 versus 46.9. This describes that date's reading; it is not a forecast.