Indicator notes

US market fear and greed index on November 20, 2025: 42.5 out of 100, in the “Fear” zone. The previous reading, on November 19, 2025, was 51.5 (“Neutral”): the index fell by 9.0 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: “52-week highs and lows” at 3.3 versus 19.4 and “Safe haven demand” at 47.2 versus 63.0. This describes that date's reading; it is not a forecast.

Russian market fear and greed index on November 19, 2025: 48.7 out of 100, in the “Neutral” zone. The previous reading, on November 18, 2025, was 37.3 (“Fear”): the index rose sharply by 11.4 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 21 trading days in a row. Biggest component moves: “Stock price strength” at 73.5 versus 30.6 and “Safe haven demand” at 43.4 versus 25.5. This describes that date's reading; it is not a forecast.

Russian chemicals and fertilizers sector fear and greed index on November 19, 2025: 66.7 out of 100, in the “Greed” zone. The previous reading, on November 18, 2025, was 54.9 (“Neutral”): the index rose sharply by 11.8 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 98.9 versus 59.2 and “Sector momentum” at 62.6 versus 48.5. This describes that date's reading; it is not a forecast.

Russian consumer sector fear and greed index on November 19, 2025: 50.8 out of 100, in the “Neutral” zone. The previous reading, on November 18, 2025, was 42.6 (“Fear”): the index rose by 8.2 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 6 trading days in a row. Biggest component moves: “Stock price strength” at 55.5 versus 28.6 and “Sector momentum” at 31.4 versus 27.9. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on November 19, 2025: 65.8 out of 100, in the “Greed” zone. The previous reading, on November 18, 2025, was 54.3 (“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. The index spent a single trading day in the “Neutral” zone. Biggest component moves: “Stock price strength” at 84.4 versus 48.7 and “Sector momentum” at 52.3 versus 41.4. This describes that date's reading; it is not a forecast.

Russian chemicals and fertilizers sector fear and greed index on November 18, 2025: 54.9 out of 100, in the “Neutral” zone. The previous reading, on November 17, 2025, was 55.6 (“Greed”): the index fell slightly by 0.7 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: “Sector breadth” at 22.1 versus 25.5 and “Sector volatility” at 89.8 versus 87.6. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on November 18, 2025: 54.3 out of 100, in the “Neutral” zone. The previous reading, on November 17, 2025, was 61.8 (“Greed”): the index fell by 7.5 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 3 trading days in a row. Biggest component moves: “Stock price strength” at 48.7 versus 94.7 and “Sector volatility” at 92.0 versus 81.1. This describes that date's reading; it is not a forecast.

Russian financial sector fear and greed index on November 18, 2025: 47.2 out of 100, in the “Neutral” zone. The previous reading, on November 17, 2025, was 43.3 (“Fear”): the index rose by 3.9 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 7 trading days in a row. Biggest component moves: “Sector volatility” at 77.3 versus 67.4 and “Sector momentum” at 29.3 versus 24.5. This describes that date's reading; it is not a forecast.

Russian industrial sector fear and greed index on November 18, 2025: 49.9 out of 100, in the “Neutral” zone. The previous reading, on November 17, 2025, was 44.5 (“Fear”): the index rose by 5.4 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: “Sector volatility” at 82.8 versus 63.8 and “Sector breadth” at 23.5 versus 21.7. This describes that date's reading; it is not a forecast.

Russian IT and telecom sector fear and greed index on November 18, 2025: 57.9 out of 100, in the “Greed” zone. The previous reading, on November 17, 2025, was 46.7 (“Neutral”): the index rose sharply by 11.2 points and crossed the 55 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. Before that the index had stayed in the “Neutral” zone for 6 trading days in a row. Biggest component moves: “Stock price strength” at 57.1 versus 25.9 and “Sector volatility” at 81.4 versus 72.5. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on November 18, 2025: 50.8 out of 100, in the “Neutral” zone. The previous reading, on November 17, 2025, was 38.7 (“Fear”): the index rose sharply by 12.1 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 7 trading days in a row. Biggest component moves: “Stock price strength” at 55.6 versus 22.7 and “Sector momentum” at 41.2 versus 32.2. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on November 18, 2025: 38.0 out of 100, in the “Fear” zone. The previous reading, on November 17, 2025, was 23.5 (“Extreme Fear”): the index rose sharply by 14.5 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 55.5 versus 9.9 and “Sector momentum” at 24.9 versus 14.2. This describes that date's reading; it is not a forecast.

High-yield bond market stress on November 18, 2025: 26.9 out of 100, in the “Low pressure” zone. The previous reading, on November 17, 2025, was 50.2 (“Moderate pressure”): the indicator fell sharply by 23.3 points and crossed the 45 boundary. The “Low pressure” zone covers readings from 25 to 45: stress in the high-yield bond market 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: “Yield spread over government bonds” at 46.4 versus 94.6 and “Price lag behind the market” at 7.4 versus 5.9. 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 November 17, 2025: 55.6 out of 100, in the “Greed” zone. The previous reading, on November 14, 2025, was 54.4 (“Neutral”): the index rose slightly by 1.2 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: “Sector volatility” at 87.6 versus 80.1 and “Sector momentum” at 50.1 versus 51.5. This describes that date's reading; it is not a forecast.

Russian industrial sector fear and greed index on November 17, 2025: 44.5 out of 100, in the “Fear” zone. The previous reading, on November 14, 2025, was 55.4 (“Greed”): the index fell sharply by 10.9 points and crossed the 55 and 45 boundaries. 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 “Greed” zone. Biggest component moves: “Stock price strength” at 58.2 versus 99.5 and “Sector momentum” at 34.2 versus 40.0. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on November 17, 2025: 23.5 out of 100, in the “Extreme Fear” zone. The previous reading, on November 14, 2025, was 36.1 (“Fear”): the index fell sharply by 12.6 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 2 trading days in a row. Biggest component moves: “Stock price strength” at 9.9 versus 55.2 and “Sector momentum” at 14.2 versus 21.5. This describes that date's reading; it is not a forecast.

US market fear and greed index on November 17, 2025: 50.4 out of 100, in the “Neutral” zone. The previous reading, on November 14, 2025, was 56.9 (“Greed”): the index fell by 6.5 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 6 trading days in a row. Biggest component moves: “52-week highs and lows” at 4.3 versus 21.1 and “Safe haven demand” at 58.8 versus 68.0. This describes that date's reading; it is not a forecast.

Financial anxiety in Armenia on November 16, 2025: 58.0 out of 100, in the “Elevated interest” zone. The previous reading, on November 9, 2025, was 80.8 (“Surge of interest”): the index fell sharply by 22.8 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 3 weeks in a row. Biggest component moves: “Searches about the dollar rate” at 40.1 versus 72.1 and “Searches about deposits” at 76.0 versus 89.4. This describes that date's reading; it is not a forecast.

Financial anxiety in Belarus on November 16, 2025: 26.8 out of 100, in the “Below-usual interest” zone. The previous reading, on November 9, 2025, was 37.1: the index fell sharply by 10.3 points. That meets our shift threshold of 10 points; the zone did not change. The “Below-usual interest” zone covers readings from 25 to 45: searches on the topic are below usual. The index has now spent 2 weeks in a row in this zone. Biggest component moves: “Searches about the dollar rate” at 2.9 versus 22.8 and “Searches about deposits” at 46.5 versus 64.4. This describes that date's reading; it is not a forecast.

Financial anxiety in Georgia on November 16, 2025: 42.9 out of 100, in the “Below-usual interest” zone. The previous reading, on November 9, 2025, was 76.0 (“Surge of interest”): the index fell sharply by 33.1 points and crossed the 75, 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 “Surge of interest” zone. Biggest component moves: “Searches about deposits” at 54.2 versus 90.1 and “Searches about the dollar rate” at 31.7 versus 61.9. This describes that date's reading; it is not a forecast.

Financial anxiety in Kyrgyzstan on November 16, 2025: 49.7 out of 100, in the “Usual interest” zone. The previous reading, on November 9, 2025, was 77.2 (“Surge of interest”): the index fell sharply by 27.5 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 deposits” at 56.7 versus 95.2 and “Searches about the dollar rate” at 42.6 versus 59.3. This describes that date's reading; it is not a forecast.

Financial anxiety in Tajikistan on November 16, 2025: 39.7 out of 100, in the “Below-usual interest” zone. The previous reading, on November 9, 2025, was 67.3 (“Elevated interest”): the index fell sharply by 27.6 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. 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 27.2 versus 56.1 and “Searches about deposits” at 52.2 versus 78.5. This describes that date's reading; it is not a forecast.

Retail investor FOMO in Russia on November 16, 2025: 33.9 out of 100, in the “Below-usual interest” zone. The previous reading, on November 9, 2025, was 66.8 (“Elevated interest”): the index fell sharply by 32.9 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. Before that the index had stayed in the “Elevated interest” zone for 2 weeks in a row. Biggest component moves: “Searches about a brokerage account” at 18.3 versus 97.1 and “Searches about buying shares” at 56.7 versus 90.7. This describes that date's reading; it is not a forecast.

Russian chemicals and fertilizers sector fear and greed index on November 14, 2025: 54.4 out of 100, in the “Neutral” zone. The previous reading, on November 13, 2025, was 56.0 (“Greed”): the index fell slightly by 1.6 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: “Sector momentum” at 51.5 versus 57.6 and “Sector breadth” at 26.9 versus 27.9. This describes that date's reading; it is not a forecast.

Russian industrial sector fear and greed index on November 14, 2025: 55.4 out of 100, in the “Greed” zone. The previous reading, on November 13, 2025, was 43.5 (“Fear”): the index rose sharply by 11.9 points and crossed the 45 and 55 boundaries. 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 “Fear” zone for 8 trading days in a row. Biggest component moves: “Stock price strength” at 99.5 versus 58.4 and “Sector breadth” at 20.1 versus 16.6. This describes that date's reading; it is not a forecast.

High-yield bond market stress on November 14, 2025: 48.0 out of 100, in the “Moderate pressure” zone. The previous reading, on November 13, 2025, was 35.3 (“Low pressure”): the indicator rose sharply by 12.7 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. The indicator spent a single trading day in the “Low pressure” zone. Biggest component moves: “Yield spread over government bonds” at 91.6 versus 63.8 and “Price lag behind the market” at 4.5 versus 6.7. 2 of 3 components were available. This describes that date's reading; it is not a forecast.

Ether fear and greed index on November 14, 2025: 31.1 out of 100, in the “Fear” zone. The previous reading, on November 13, 2025, was 41.7: the index fell sharply by 10.6 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 12 trading days in a row in this zone. Biggest component moves: “Funding rate” at 35.5 versus 58.5 and “Implied volatility” at 4.2 versus 18.8. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Armenian dram on November 14, 2025: 48.7 out of 100, in the “Moderate pressure” zone. The previous reading, on November 13, 2025, was 42.4 (“Low pressure”): the indicator rose by 6.3 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 8 trading days in a row. Biggest component moves: “International reserves” at 35.8 versus 16.4 and “Currency weakening” at 56.3 versus 53.2. This describes that date's reading; it is not a forecast.

Pressure on the Kazakhstani tenge on November 14, 2025: 47.7 out of 100, in the “Moderate pressure” zone. The previous reading, on November 13, 2025, was 60.6 (“High pressure”): the indicator fell sharply by 12.9 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. Before that the indicator had stayed in the “High pressure” zone for 9 trading days in a row. Biggest component moves: “International reserves” at 12.8 versus 62.8 and “Exchange rate volatility” at 59.3 versus 60.3. This describes that date's reading; it is not a forecast.

Russian chemicals and fertilizers sector fear and greed index on November 13, 2025: 56.0 out of 100, in the “Greed” zone. The previous reading, on November 12, 2025, was 48.3 (“Neutral”): the index rose by 7.7 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: “Sector volatility” at 79.3 versus 52.1 and “Sector momentum” at 57.6 versus 53.9. This describes that date's reading; it is not a forecast.