Indicator notes

Russian industrial sector fear and greed index on October 27, 2025: 7.2 out of 100, in the “Extreme Fear” zone. The previous reading, on October 24, 2025, was 22.1: the index fell sharply by 14.9 points. That meets our shift threshold of 10 points; the zone did not change. The “Extreme Fear” zone covers readings from 0 to 25: investors are avoiding risk and selling dominates. The index has now spent 5 trading days in a row in this zone. Biggest component moves: “Stock price strength” at 4.8 versus 58.4 and “Sector momentum” at 17.0 versus 22.9. This describes that date's reading; it is not a forecast.

High-yield bond market stress on October 27, 2025: 48.2 out of 100, in the “Moderate pressure” zone. The previous reading, on October 24, 2025, was 42.7 (“Low pressure”): the indicator rose by 5.5 points and crossed the 45 boundary. The “Moderate pressure” zone covers readings from 45 to 55: stress in the high-yield bond market is close to what is usual for its history. Before that the indicator had stayed in the “Low pressure” zone for 16 trading days in a row. Biggest component moves: “Yield spread over government bonds” at 89.7 versus 79.7 and “Price lag behind the market” at 6.6 versus 5.7. 2 of 3 components were available. This describes that date's reading; it is not a forecast.

Bitcoin fear and greed index on October 27, 2025: 50.1 out of 100, in the “Neutral” zone. The previous reading, on October 26, 2025, was 38.9 (“Fear”): the index rose sharply by 11.2 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 4 trading days in a row. Biggest component moves: “Funding rate” at 71.6 versus 27.5 and “Implied volatility” at 65.1 versus 63.2. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Ether fear and greed index on October 27, 2025: 57.9 out of 100, in the “Greed” zone. The previous reading, on October 26, 2025, was 53.9 (“Neutral”): the index rose by 4.0 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: “Funding rate” at 71.4 versus 62.3 and “Implied volatility” at 62.6 versus 53.6. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Financial anxiety in Armenia on October 26, 2025: 79.2 out of 100, in the “Surge of interest” zone. The previous reading, on October 19, 2025, was 52.9 (“Usual interest”): the index rose sharply by 26.3 points and crossed the 55 and 75 boundaries. The “Surge of interest” zone covers readings from 75 to 100: searches on the topic are far above usual. The index spent a single week in the “Usual interest” zone. Biggest component moves: “Searches about deposits” at 73.4 versus 45.2 and “Searches about the dollar rate” at 84.9 versus 60.6. This describes that date's reading; it is not a forecast.

Financial anxiety in Belarus on October 26, 2025: 64.2 out of 100, in the “Elevated interest” zone. The previous reading, on October 19, 2025, was 38.4 (“Below-usual interest”): the index rose sharply by 25.8 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. Before that the index had stayed in the “Below-usual interest” zone for 3 weeks in a row. Biggest component moves: “Searches about devaluation” at 81.1 versus 21.5 and “Searches about the dollar rate” at 49.7 versus 29.8. This describes that date's reading; it is not a forecast.

Financial anxiety in Georgia on October 26, 2025: 74.4 out of 100, in the “Elevated interest” zone. The previous reading, on October 19, 2025, was 77.6 (“Surge of interest”): the index fell by 3.2 points and crossed the 75 boundary. The “Elevated interest” zone covers readings from 55 to 75: searches on the topic are above usual. Before that the index had stayed in the “Surge of interest” zone for 2 weeks in a row. Biggest component moves: “Searches about deposits” at 69.6 versus 83.0 and “Searches about the dollar rate” at 79.2 versus 72.1. This describes that date's reading; it is not a forecast.

Financial anxiety in Kyrgyzstan on October 26, 2025: 89.4 out of 100, in the “Surge of interest” zone. The previous reading, on October 19, 2025, was 78.8: the index rose sharply by 10.6 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 94.6 versus 82.4 and “Searches about the dollar rate” at 84.3 versus 75.3. This describes that date's reading; it is not a forecast.

Financial anxiety in Russia on October 26, 2025: 71.5 out of 100, in the “Elevated interest” zone. The previous reading, on October 19, 2025, was 34.7 (“Below-usual interest”): the index rose sharply by 36.8 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. Before that the index had stayed in the “Below-usual interest” zone for 4 weeks in a row. Biggest component moves: “Searches about devaluation” at 97.8 versus 19.6 and “Searches about the dollar rate” at 60.6 versus 33.7. This describes that date's reading; it is not a forecast.

Financial anxiety in Tajikistan on October 26, 2025: 82.7 out of 100, in the “Surge of interest” zone. The previous reading, on October 19, 2025, was 67.9 (“Elevated interest”): the index rose sharply by 14.8 points and crossed the 75 boundary. The “Surge of interest” zone covers readings from 75 to 100: searches on the topic are far above usual. Before that the index had stayed in the “Elevated interest” zone for 2 weeks in a row. Biggest component moves: “Searches about the dollar rate” at 72.8 versus 54.8 and “Searches about deposits” at 92.6 versus 81.1. This describes that date's reading; it is not a forecast.

Ether fear and greed index on October 26, 2025: 53.9 out of 100, in the “Neutral” zone. The previous reading, on October 25, 2025, was 44.9 (“Fear”): the index rose by 9.0 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 16 trading days in a row. Biggest component moves: “Funding rate” at 62.3 versus 28.9 and “Price momentum” at 42.9 versus 31.1. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Russian chemicals and fertilizers sector fear and greed index on October 24, 2025: 57.3 out of 100, in the “Greed” zone. The previous reading, on October 23, 2025, was 47.3 (“Neutral”): the index rose sharply by 10.0 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: “Stock price strength” at 98.2 versus 58.2 and “Sector breadth” at 42.2 versus 44.1. This describes that date's reading; it is not a forecast.

Russian IT and telecom sector fear and greed index on October 24, 2025: 21.2 out of 100, in the “Extreme Fear” zone. The previous reading, on October 23, 2025, was 34.1 (“Fear”): the index fell sharply by 12.9 points and crossed the 25 boundary. The “Extreme Fear” zone covers readings from 0 to 25: investors are avoiding risk and selling dominates. The index spent a single trading day in the “Fear” zone. Biggest component moves: “Stock price strength” at 10.8 versus 56.2 and “Sector momentum” at 30.1 versus 36.6. This describes that date's reading; it is not a forecast.

Ether fear and greed index on October 24, 2025: 44.2 out of 100, in the “Fear” zone. The previous reading, on October 23, 2025, was 33.9: the index rose sharply by 10.3 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 15 trading days in a row in this zone. Biggest component moves: “Implied volatility” at 61.0 versus 31.9 and “Funding rate” at 38.8 versus 29.5. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Russian IT and telecom sector fear and greed index on October 23, 2025: 34.1 out of 100, in the “Fear” zone. The previous reading, on October 22, 2025, was 24.1 (“Extreme Fear”): the index rose sharply by 10.0 points and crossed the 25 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 “Extreme Fear” zone. Biggest component moves: “Stock price strength” at 56.2 versus 22.0 and “Sector breadth” at 42.2 versus 39.0. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on October 23, 2025: 23.8 out of 100, in the “Extreme Fear” zone. The previous reading, on October 22, 2025, was 33.3 (“Fear”): the index fell by 9.5 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: “Stock price strength” at 21.1 versus 53.5 and “Sector breadth” at 30.7 versus 34.4. This describes that date's reading; it is not a forecast.

Bitcoin fear and greed index on October 23, 2025: 36.4 out of 100, in the “Fear” zone. The previous reading, on October 22, 2025, was 23.4 (“Extreme Fear”): the index rose sharply by 13.0 points and crossed the 25 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 “Extreme Fear” zone for 2 trading days in a row. Biggest component moves: “Funding rate” at 44.5 versus 13.3 and “Implied volatility” at 59.6 versus 44.0. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Azerbaijani manat on October 23, 2025: 51.7 out of 100, in the “Moderate pressure” zone. The previous reading, on October 22, 2025, was 42.9 (“Low pressure”): the indicator rose by 8.8 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 65 trading days in a row. Biggest component moves: “Central bank policy rate” at 74.4 versus 39.4 and “Exchange rate volatility” at 49.1 versus 49.0. This describes that date's reading; it is not a forecast.

Russian IT and telecom sector fear and greed index on October 22, 2025: 24.1 out of 100, in the “Extreme Fear” zone. The previous reading, on October 21, 2025, was 33.7 (“Fear”): the index fell by 9.6 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 4 trading days in a row. Biggest component moves: “Stock price strength” at 22.0 versus 56.1 and “Sector momentum” at 34.4 versus 40.6. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on October 22, 2025: 11.7 out of 100, in the “Extreme Fear” zone. The previous reading, on October 21, 2025, was 23.2: the index fell sharply by 11.5 points. That meets our shift threshold of 10 points; the zone did not change. The “Extreme Fear” zone covers readings from 0 to 25: investors are avoiding risk and selling dominates. The index has now spent 2 trading days in a row in this zone. Biggest component moves: “Stock price strength” at 17.0 versus 53.3 and “Sector momentum” at 23.9 versus 33.4. This describes that date's reading; it is not a forecast.

Russian market fear and greed index on October 21, 2025: 43.2 out of 100, in the “Fear” zone. The previous reading, on October 20, 2025, was 50.2 (“Neutral”): the index fell by 7.0 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: “Safe haven demand” at 38.8 versus 61.8 and “Market momentum” at 29.3 versus 45.9. This describes that date's reading; it is not a forecast.

Russian chemicals and fertilizers sector fear and greed index on October 21, 2025: 50.6 out of 100, in the “Neutral” zone. The previous reading, on October 20, 2025, was 61.3 (“Greed”): the index fell sharply by 10.7 points and crossed the 55 boundary. The “Neutral” zone covers readings from 45 to 55: neither fear nor greed dominates. The index spent a single trading day in the “Greed” zone. Biggest component moves: “Stock price strength” at 58.0 versus 97.9 and “Sector breadth” at 56.1 versus 57.8. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on October 21, 2025: 22.7 out of 100, in the “Extreme Fear” zone. The previous reading, on October 20, 2025, was 25.7 (“Fear”): the index fell by 3.0 points and crossed the 25 boundary. The “Extreme Fear” zone covers readings from 0 to 25: investors are avoiding risk and selling dominates. The index spent a single trading day in the “Fear” zone. Biggest component moves: “Sector momentum” at 39.2 versus 52.1 and “Sector breadth” at 1.7 versus 1.1. This describes that date's reading; it is not a forecast.

Russian industrial sector fear and greed index on October 21, 2025: 23.5 out of 100, in the “Extreme Fear” zone. The previous reading, on October 20, 2025, was 25.6 (“Fear”): the index fell by 2.1 points and crossed the 25 boundary. The “Extreme Fear” zone covers readings from 0 to 25: investors are avoiding risk and selling dominates. The index spent a single trading day in the “Fear” zone. Biggest component moves: “Sector momentum” at 27.9 versus 36.6 and “Sector breadth” at 4.1 versus 3.7. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on October 21, 2025: 23.2 out of 100, in the “Extreme Fear” zone. The previous reading, on October 20, 2025, was 26.0 (“Fear”): the index fell by 2.8 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 2 trading days in a row. Biggest component moves: “Sector momentum” at 33.4 versus 45.1 and “Sector breadth” at 1.9 versus 1.5. This describes that date's reading; it is not a forecast.

Bitcoin fear and greed index on October 21, 2025: 21.6 out of 100, in the “Extreme Fear” zone. The previous reading, on October 20, 2025, was 26.3 (“Fear”): the index fell by 4.7 points and crossed the 25 boundary. The “Extreme Fear” zone covers readings from 0 to 25: investors are avoiding risk and selling dominates. The index spent a single trading day in the “Fear” zone. Biggest component moves: “Implied volatility” at 47.5 versus 56.8 and “Price momentum” at 12.2 versus 18.5. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Russian chemicals and fertilizers sector fear and greed index on October 20, 2025: 61.3 out of 100, in the “Greed” zone. The previous reading, on October 17, 2025, was 49.8 (“Neutral”): the index rose sharply by 11.5 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: “Stock price strength” at 97.9 versus 58.1 and “Sector breadth” at 57.8 versus 53.7. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on October 20, 2025: 25.7 out of 100, in the “Fear” zone. The previous reading, on October 17, 2025, was 24.3 (“Extreme Fear”): the index rose slightly by 1.4 points and crossed the 25 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 “Extreme Fear” zone for 8 trading days in a row. Biggest component moves: “Sector momentum” at 52.1 versus 47.3 and “Sector breadth” at 1.1 versus 0.3. This describes that date's reading; it is not a forecast.

Russian industrial sector fear and greed index on October 20, 2025: 25.6 out of 100, in the “Fear” zone. The previous reading, on October 17, 2025, was 24.0 (“Extreme Fear”): the index rose slightly by 1.6 points and crossed the 25 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 “Extreme Fear” zone for 8 trading days in a row. Biggest component moves: “Sector momentum” at 36.6 versus 31.3 and “Sector breadth” at 3.7 versus 2.7. This describes that date's reading; it is not a forecast.

Bitcoin fear and greed index on October 20, 2025: 26.3 out of 100, in the “Fear” zone. The previous reading, on October 19, 2025, was 24.7 (“Extreme Fear”): the index rose slightly by 1.6 points and crossed the 25 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 “Extreme Fear” zone for 4 trading days in a row. Biggest component moves: “Implied volatility” at 56.8 versus 49.5 and “Funding rate” at 4.8 versus 11.1. 4 of 6 components were available. This describes that date's reading; it is not a forecast.