Indicator notes

High-yield bond market stress on February 5, 2026: 71.8 out of 100, in the “High pressure” zone. The previous reading, on February 4, 2026, was 61.4: the indicator rose sharply by 10.4 points. That meets our shift threshold of 10 points; the zone did not change. The “High pressure” zone covers readings from 55 to 75: stress in the high-yield bond market is clearly above usual. The indicator has now spent 18 trading days in a row in this zone. Biggest component moves: “Price lag behind the market” at 91.8 versus 74.4 and “Yield spread over government bonds” at 51.9 versus 48.3. 2 of 3 components were available. This describes that date's reading; it is not a forecast.

Bitcoin fear and greed index on February 5, 2026: 4.4 out of 100, in the “Extreme Fear” zone. The previous reading, on February 4, 2026, was 16.7: the index fell sharply by 12.3 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: “Implied volatility” at 0.1 versus 17.7 and “Volatility” at 0.1 versus 16.3. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

US market fear and greed index on February 5, 2026: 45.6 out of 100, in the “Neutral” zone. The previous reading, on February 4, 2026, was 58.0 (“Greed”): the index fell sharply by 12.4 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 31 trading days in a row. Biggest component moves: “52-week highs and lows” at 11.3 versus 61.5 and “Market volatility” at 60.8 versus 71.2. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on February 4, 2026: 63.2 out of 100, in the “Greed” zone. The previous reading, on February 3, 2026, was 74.8: the index fell sharply by 11.6 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 45.3 versus 87.2 and “Sector volatility” at 16.4 versus 18.8. This describes that date's reading; it is not a forecast.

Russian industrial sector fear and greed index on February 4, 2026: 65.1 out of 100, in the “Greed” zone. The previous reading, on February 3, 2026, was 75.8 (“Extreme Greed”): the index fell sharply by 10.7 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 14.8 versus 58.0 and “Sector breadth” at 97.9 versus 96.7. This describes that date's reading; it is not a forecast.

Pressure on the Uzbekistani sum on February 4, 2026: 46.1 out of 100, in the “Moderate pressure” zone. The previous reading, on February 3, 2026, was 44.7 (“Low pressure”): the indicator rose slightly by 1.4 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. Biggest component moves: “Currency weakening” at 58.4 versus 52.9 and “Exchange rate volatility” at 75.1 versus 75.2. This describes that date's reading; it is not a forecast.

Russian electric utilities sector fear and greed index on February 3, 2026: 74.8 out of 100, in the “Greed” zone. The previous reading, on February 2, 2026, was 78.5 (“Extreme Greed”): the index fell by 3.7 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 8 trading days in a row. Biggest component moves: “Stock price strength” at 87.2 versus 99.1 and “Sector volatility” at 18.8 versus 19.9. This describes that date's reading; it is not a forecast.

Russian industrial sector fear and greed index on February 3, 2026: 75.8 out of 100, in the “Extreme Greed” zone. The previous reading, on February 2, 2026, was 74.7 (“Greed”): the index rose slightly by 1.1 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: “Sector momentum” at 87.2 versus 84.8 and “Sector breadth” at 96.7 versus 95.1. This describes that date's reading; it is not a forecast.

Ether fear and greed index on February 3, 2026: 16.9 out of 100, in the “Extreme Fear” zone. The previous reading, on February 2, 2026, was 27.3 (“Fear”): the index fell sharply by 10.4 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 3 trading days in a row. Biggest component moves: “Implied volatility” at 15.2 versus 53.0 and “Price momentum” at 4.2 versus 7.3. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Russian rouble on February 3, 2026: 28.3 out of 100, in the “Low pressure” zone. The previous reading, on January 31, 2026, was 24.2 (“Calm”): the indicator rose by 4.1 points and crossed the 25 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 “Calm” zone. Biggest component moves: “Exchange rate volatility” at 49.5 versus 40.4 and “Currency weakening” at 30.1 versus 23.1. This describes that date's reading; it is not a forecast.

Pressure on the Tajikistani somoni on February 3, 2026: 57.6 out of 100, in the “High pressure” zone. The previous reading, on January 31, 2026, was 71.2: the indicator fell sharply by 13.6 points. That meets our shift threshold of 10 points; the zone did not change. The “High pressure” zone covers readings from 55 to 75: pressure on the currency is clearly above usual. Biggest component moves: “Central bank policy rate” at 19.3 versus 60.1 and “Exchange rate volatility” at 71.8 versus 71.7. This describes that date's reading; it is not a forecast.

Russian consumer sector fear and greed index on February 2, 2026: 56.4 out of 100, in the “Greed” zone. The previous reading, on January 30, 2026, was 50.3 (“Neutral”): the index rose by 6.1 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 54.5 versus 27.5 and “Sector breadth” at 69.9 versus 71.7. This describes that date's reading; it is not a forecast.

Financial anxiety in Armenia on February 1, 2026: 75.0 out of 100, in the “Surge of interest” zone. The previous reading, on January 25, 2026, was 42.9 (“Below-usual interest”): the index rose sharply by 32.1 points and crossed the 45, 55 and 75 boundaries. 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 “Below-usual interest” zone for 2 weeks in a row. Biggest component moves: “Searches about deposits” at 63.1 versus 12.5 and “Searches about the dollar rate” at 86.9 versus 73.4. This describes that date's reading; it is not a forecast.

Financial anxiety in Georgia on February 1, 2026: 56.4 out of 100, in the “Elevated interest” zone. The previous reading, on January 25, 2026, was 45.8 (“Usual interest”): the index rose sharply by 10.6 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 54.8 versus 31.1 and “Searches about deposits” at 58.0 versus 60.6. This describes that date's reading; it is not a forecast.

Financial anxiety in Kyrgyzstan on February 1, 2026: 75.3 out of 100, in the “Surge of interest” zone. The previous reading, on January 25, 2026, was 59.9 (“Elevated interest”): the index rose sharply by 15.4 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. The index spent a single week in the “Elevated interest” zone. Biggest component moves: “Searches about deposits” at 81.7 versus 47.8 and “Searches about the dollar rate” at 68.9 versus 72.1. This describes that date's reading; it is not a forecast.

Financial anxiety in Tajikistan on February 1, 2026: 38.5 out of 100, in the “Below-usual interest” zone. The previous reading, on January 25, 2026, was 26.3: the index rose sharply by 12.2 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 4 weeks in a row in this zone. Biggest component moves: “Searches about the dollar rate” at 66.3 versus 44.6 and “Searches about deposits” at 10.6 versus 8.0. This describes that date's reading; it is not a forecast.

Bitcoin fear and greed index on February 1, 2026: 20.6 out of 100, in the “Extreme Fear” zone. The previous reading, on January 31, 2026, was 36.9 (“Fear”): the index fell sharply by 16.3 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 2 trading days in a row. Biggest component moves: “Funding rate” at 11.4 versus 74.1 and “Implied volatility” at 42.9 versus 44.2. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Retail investor FOMO in Russia on February 1, 2026: 65.1 out of 100, in the “Elevated interest” zone. The previous reading, on January 25, 2026, was 39.0 (“Below-usual interest”): the index rose sharply by 26.1 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 buying shares” at 70.8 versus 31.1 and “Searches about buying bitcoin” at 56.1 versus 19.6. This describes that date's reading; it is not a forecast.

Ether fear and greed index on January 31, 2026: 39.4 out of 100, in the “Fear” zone. The previous reading, on January 30, 2026, was 53.7 (“Neutral”): the index fell sharply by 14.3 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: “Volatility” at 54.4 versus 77.4 and “Price momentum” at 11.6 versus 30.5. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Pressure on the Serbian dinar on January 31, 2026: 56.6 out of 100, in the “High pressure” zone. The previous reading, on January 30, 2026, was 54.7 (“Moderate pressure”): the indicator rose slightly by 1.9 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 9 trading days in a row. Biggest component moves: “Currency weakening” at 30.9 versus 25.7 and “Exchange rate volatility” at 71.3 versus 68.8. This describes that date's reading; it is not a forecast.

Pressure on the Russian rouble on January 31, 2026: 24.2 out of 100, in the “Calm” zone. The previous reading, on January 30, 2026, was 25.1 (“Low pressure”): the indicator fell slightly by 0.9 points and crossed the 25 boundary. The “Calm” zone covers readings from 0 to 25: there is almost no sign of pressure on the currency. Before that the indicator had stayed in the “Low pressure” zone for 13 trading days in a row. Biggest component moves: “Currency weakening” at 23.1 versus 25.7 and “Exchange rate volatility” at 40.4 versus 41.4. This describes that date's reading; it is not a forecast.

Russian chemicals and fertilizers sector fear and greed index on January 30, 2026: 56.5 out of 100, in the “Greed” zone. The previous reading, on January 29, 2026, was 69.6: the index fell sharply by 13.1 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 59.8 versus 99.1 and “Sector momentum” at 57.2 versus 72.1. This describes that date's reading; it is not a forecast.

Russian consumer sector fear and greed index on January 30, 2026: 50.3 out of 100, in the “Neutral” zone. The previous reading, on January 29, 2026, was 66.0 (“Greed”): the index fell sharply by 15.7 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 18 trading days in a row. Biggest component moves: “Stock price strength” at 27.5 versus 82.2 and “Sector volatility” at 34.8 versus 40.4. This describes that date's reading; it is not a forecast.

Russian industrial sector fear and greed index on January 30, 2026: 74.0 out of 100, in the “Greed” zone. The previous reading, on January 29, 2026, was 75.9 (“Extreme Greed”): the index fell slightly by 1.9 points and crossed the 75 boundary. The “Greed” zone covers readings from 55 to 75: appetite for risk is above normal and buying dominates. The index spent a single trading day in the “Extreme Greed” zone. Biggest component moves: “Sector volatility” at 61.4 versus 65.6 and “Sector momentum” at 82.2 versus 85.6. This describes that date's reading; it is not a forecast.

Russian metals and mining sector fear and greed index on January 30, 2026: 68.9 out of 100, in the “Greed” zone. The previous reading, on January 29, 2026, was 89.6 (“Extreme Greed”): the index fell sharply by 20.7 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 15 trading days in a row. Biggest component moves: “Sector volatility” at 27.5 versus 69.1 and “Stock price strength” at 54.9 versus 91.4. This describes that date's reading; it is not a forecast.

Bitcoin fear and greed index on January 30, 2026: 39.0 out of 100, in the “Fear” zone. The previous reading, on January 29, 2026, was 49.0 (“Neutral”): the index fell sharply by 10.0 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. The index spent a single trading day in the “Neutral” zone. Biggest component moves: “Funding rate” at 23.7 versus 65.6 and “Implied volatility” at 69.7 versus 68.1. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Ether fear and greed index on January 30, 2026: 53.7 out of 100, in the “Neutral” zone. The previous reading, on January 29, 2026, was 61.5 (“Greed”): the index fell by 7.8 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: “Funding rate” at 11.1 versus 30.0 and “Price momentum” at 30.5 versus 36.6. 4 of 6 components were available. This describes that date's reading; it is not a forecast.

Russian market fear and greed index on January 29, 2026: 73.1 out of 100, in the “Greed” zone. The previous reading, on January 28, 2026, was 76.4 (“Extreme Greed”): the index fell by 3.3 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 9 trading days in a row. Biggest component moves: “Safe haven demand” at 63.0 versus 71.9 and “Put and call options” at 67.0 versus 73.7. This describes that date's reading; it is not a forecast.

Russian chemicals and fertilizers sector fear and greed index on January 29, 2026: 69.6 out of 100, in the “Greed” zone. The previous reading, on January 28, 2026, was 52.4 (“Neutral”): the index rose sharply by 17.2 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 2 trading days in a row. Biggest component moves: “Stock price strength” at 99.1 versus 59.9 and “Sector volatility” at 56.8 versus 42.0. This describes that date's reading; it is not a forecast.