Indicator notes

Russian market fear and greed index on November 28, 2025: 55.3 out of 100, in the “Greed” zone. The previous reading, on November 27, 2025, was 49.7 (“Neutral”): the index rose by 5.6 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 7 trading days in a row. Biggest component moves: “Safe haven demand” at 82.2 versus 62.8 and “Stock price strength” at 60.5 versus 50.1. This describes that date's reading; it is not a forecast.

Russian chemicals and fertilizers sector fear and greed index on November 28, 2025: 66.4 out of 100, in the “Greed” zone. The previous reading, on November 27, 2025, was 55.9: the index rose sharply by 10.5 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 4 trading days in a row in this zone. Biggest component moves: “Stock price strength” at 99.4 versus 59.7 and “Sector momentum” at 51.9 versus 50.1. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on November 28, 2025: 65.4 out of 100, in the “Greed” zone. The previous reading, on November 27, 2025, was 54.4 (“Neutral”): the index rose sharply by 11.0 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: “Stock price strength” at 55.2 versus 22.5 and “Sector momentum” at 55.9 versus 50.5. This describes that date's reading; it is not a forecast.

High-yield bond market stress on November 28, 2025: 33.4 out of 100, in the “Low pressure” zone. The previous reading, on November 27, 2025, was 24.5 (“Calm”): the indicator rose by 8.9 points and crossed the 25 boundary. The “Low pressure” zone covers readings from 25 to 45: stress in the high-yield bond market is weaker than usual. The indicator spent a single trading day in the “Calm” zone. Biggest component moves: “Price lag behind the market” at 22.0 versus 8.2 and “Yield spread over government bonds” at 44.7 versus 40.8. 2 of 3 components were available. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on November 27, 2025: 54.4 out of 100, in the “Neutral” zone. The previous reading, on November 26, 2025, was 63.8 (“Greed”): the index fell by 9.4 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 2 trading days in a row. Biggest component moves: “Stock price strength” at 22.5 versus 55.2 and “Sector momentum” at 50.5 versus 54.1. This describes that date's reading; it is not a forecast.

High-yield bond market stress on November 27, 2025: 24.5 out of 100, in the “Calm” zone. The previous reading, on November 26, 2025, was 28.6 (“Low pressure”): the indicator fell by 4.1 points and crossed the 25 boundary. The “Calm” zone covers readings from 0 to 25: there is almost no sign of stress in the high-yield bond market. Before that the indicator had stayed in the “Low pressure” zone for 7 trading days in a row. Biggest component moves: “Yield spread over government bonds” at 40.8 versus 48.1 and “Price lag behind the market” at 8.2 versus 9.1. 2 of 3 components were available. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on November 26, 2025: 54.6 out of 100, in the “Neutral” zone. The previous reading, on November 25, 2025, was 55.1 (“Greed”): the index fell slightly by 0.5 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 50.7 versus 52.7 and “Sector breadth” at 46.3 versus 44.7. This describes that date's reading; it is not a forecast.

Pressure on the Tajikistani somoni on November 26, 2025: 42.3 out of 100, in the “Low pressure” zone. The previous reading, on November 25, 2025, was 50.2 (“Moderate pressure”): the indicator fell by 7.9 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 14 trading days in a row. Biggest component moves: “Exchange rate volatility” at 41.7 versus 65.7 and “Currency weakening” at 29.1 versus 28.9. This describes that date's reading; it is not a forecast.

Russian chemicals and fertilizers sector fear and greed index on November 25, 2025: 55.1 out of 100, in the “Greed” zone. The previous reading, on November 24, 2025, was 53.9 (“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 momentum” at 50.7 versus 44.3 and “Sector volatility” at 91.0 versus 92.6. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on November 25, 2025: 64.1 out of 100, in the “Greed” zone. The previous reading, on November 24, 2025, was 53.6 (“Neutral”): the index rose sharply by 10.5 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 5 trading days in a row. Biggest component moves: “Stock price strength” at 55.3 versus 22.6 and “Sector momentum” at 55.7 versus 50.5. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on November 25, 2025: 55.1 out of 100, in the “Greed” zone. The previous reading, on November 24, 2025, was 51.8 (“Neutral”): the index rose by 3.3 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 3 trading days in a row. Biggest component moves: “Sector breadth” at 44.7 versus 38.6 and “Sector momentum” at 52.7 versus 49.1. This describes that date's reading; it is not a forecast.

Pressure on the Kazakhstani tenge on November 25, 2025: 45.1 out of 100, in the “Moderate pressure” zone. The previous reading, on November 22, 2025, was 44.4 (“Low pressure”): the indicator rose slightly by 0.7 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. The indicator spent a single trading day in the “Low pressure” zone. Biggest component moves: “Currency weakening” at 8.6 versus 7.0 and “Exchange rate volatility” at 61.3 versus 60.0. This describes that date's reading; it is not a forecast.

US market fear and greed index on November 25, 2025: 58.9 out of 100, in the “Greed” zone. The previous reading, on November 24, 2025, was 50.4 (“Neutral”): the index rose by 8.5 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 2 trading days in a row. Biggest component moves: “52-week highs and lows” at 55.6 versus 23.1 and “Market volatility” at 71.5 versus 64.9. This describes that date's reading; it is not a forecast.

Russian chemicals and fertilizers sector fear and greed index on November 24, 2025: 53.9 out of 100, in the “Neutral” zone. The previous reading, on November 21, 2025, was 56.8 (“Greed”): the index fell by 2.9 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 3 trading days in a row. Biggest component moves: “Sector momentum” at 44.3 versus 61.2 and “Sector volatility” at 92.6 versus 85.8. This describes that date's reading; it is not a forecast.

Russian consumer sector fear and greed index on November 24, 2025: 57.4 out of 100, in the “Greed” zone. The previous reading, on November 21, 2025, was 53.1 (“Neutral”): the index rose by 4.3 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 3 trading days in a row. Biggest component moves: “Sector volatility” at 86.4 versus 71.1 and “Sector breadth” at 54.9 versus 52.5. This describes that date's reading; it is not a forecast.

Russian financial sector fear and greed index on November 24, 2025: 63.1 out of 100, in the “Greed” zone. The previous reading, on November 21, 2025, was 51.6 (“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 4 trading days in a row. Biggest component moves: “Stock price strength” at 78.7 versus 49.0 and “Sector volatility” at 91.6 versus 77.3. This describes that date's reading; it is not a forecast.

Russian industrial sector fear and greed index on November 24, 2025: 58.8 out of 100, in the “Greed” zone. The previous reading, on November 21, 2025, was 54.0 (“Neutral”): the index rose by 4.8 points and crossed the 55 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. Before that the index had stayed in the “Neutral” zone for 4 trading days in a row. Biggest component moves: “Sector volatility” at 93.2 versus 77.3 and “Sector breadth” at 38.6 versus 35.2. This describes that date's reading; it is not a forecast.

Ether fear and greed index on November 24, 2025: 30.1 out of 100, in the “Fear” zone. The previous reading, on November 23, 2025, was 23.2 (“Extreme Fear”): the index rose by 6.9 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: “Funding rate” at 40.7 versus 16.3 and “Price momentum” at 10.5 versus 4.5. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Financial anxiety in Armenia on November 23, 2025: 45.5 out of 100, in the “Usual interest” zone. The previous reading, on November 16, 2025, was 58.0 (“Elevated interest”): the index fell sharply by 12.5 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 48.4 versus 76.0 and “Searches about the dollar rate” at 42.6 versus 40.1. This describes that date's reading; it is not a forecast.

Financial anxiety in Belarus on November 23, 2025: 40.9 out of 100, in the “Below-usual interest” zone. The previous reading, on November 16, 2025, was 26.8: the index rose sharply by 14.1 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 3 weeks in a row in this zone. Biggest component moves: “Searches about deposits” at 70.2 versus 46.5 and “Searches about devaluation” at 48.4 versus 31.1. This describes that date's reading; it is not a forecast.

Financial anxiety in Georgia on November 23, 2025: 50.6 out of 100, in the “Usual interest” zone. The previous reading, on November 16, 2025, was 42.9 (“Below-usual interest”): the index rose by 7.7 points and crossed the 45 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 “Below-usual interest” zone. Biggest component moves: “Searches about deposits” at 76.0 versus 54.2 and “Searches about the dollar rate” at 25.3 versus 31.7. This describes that date's reading; it is not a forecast.

Financial anxiety in Kazakhstan on November 23, 2025: 48.8 out of 100, in the “Usual interest” zone. The previous reading, on November 16, 2025, was 63.6 (“Elevated interest”): the index fell sharply by 14.8 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 3 weeks in a row. Biggest component moves: “Searches about deposits” at 22.1 versus 52.2 and “Searches about devaluation” at 36.9 versus 44.6. This describes that date's reading; it is not a forecast.

Financial anxiety in Tajikistan on November 23, 2025: 61.9 out of 100, in the “Elevated interest” zone. The previous reading, on November 16, 2025, was 39.7 (“Below-usual interest”): the index rose sharply by 22.2 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 97.1 versus 52.2 and “Searches about the dollar rate” at 26.6 versus 27.2. This describes that date's reading; it is not a forecast.

Ether fear and greed index on November 23, 2025: 23.2 out of 100, in the “Extreme Fear” zone. The previous reading, on November 22, 2025, was 29.6 (“Fear”): the index fell by 6.4 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 20 trading days in a row. Biggest component moves: “Funding rate” at 16.3 versus 44.0 and “Price momentum” at 4.5 versus 3.2. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Retail investor FOMO in Russia on November 23, 2025: 44.3 out of 100, in the “Below-usual interest” zone. The previous reading, on November 16, 2025, was 33.9: the index rose sharply by 10.4 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 a brokerage account” at 31.1 versus 18.3 and “Searches about buying shares” at 68.9 versus 56.7. This describes that date's reading; it is not a forecast.

Pressure on the Kazakhstani tenge on November 22, 2025: 44.4 out of 100, in the “Low pressure” zone. The previous reading, on November 21, 2025, was 45.5 (“Moderate pressure”): the indicator fell slightly by 1.1 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: “Currency weakening” at 7.0 versus 11.0 and “Exchange rate volatility” at 60.0 versus 60.4. This describes that date's reading; it is not a forecast.

Bitcoin fear and greed index on November 21, 2025: 18.8 out of 100, in the “Extreme Fear” zone. The previous reading, on November 20, 2025, was 30.1 (“Fear”): the index fell sharply by 11.3 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 18 trading days in a row. Biggest component moves: “Funding rate” at 36.3 versus 68.9 and “Implied volatility” at 16.6 versus 27.0. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Serbian dinar on November 21, 2025: 47.7 out of 100, in the “Moderate pressure” zone. The previous reading, on November 20, 2025, was 42.8 (“Low pressure”): the indicator rose by 4.9 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: “Currency weakening” at 81.2 versus 71.1 and “Exchange rate volatility” at 21.2 versus 11.6. This describes that date's reading; it is not a forecast.

US market fear and greed index on November 21, 2025: 46.9 out of 100, in the “Neutral” zone. The previous reading, on November 20, 2025, was 42.5 (“Fear”): the index rose by 4.4 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: “52-week highs and lows” at 15.8 versus 3.3 and “Market volatility” at 55.2 versus 45.3. This describes that date's reading; it is not a forecast.

Russian oil and gas sector fear and greed index on November 20, 2025: 45.6 out of 100, in the “Neutral” zone. The previous reading, on November 19, 2025, was 42.2 (“Fear”): the index rose by 3.4 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 2 trading days in a row. Biggest component moves: “Sector momentum” at 53.7 versus 42.2 and “Sector breadth” at 30.7 versus 23.3. This describes that date's reading; it is not a forecast.