Is the market healthy right now?
Most of any stock’s move is the market’s move. When the market is stressed, good companies fall with bad ones and price swings grow. Knowing the backdrop tells you how much to trust any single stock’s story.
Updated Oct 8, 2026
Mixed
Volatility is calm, but breadth is weak. Fewer stocks are carrying the market.
Over time
Select any gauge to chart it. Switch between its score and the value behind it.
All eight gauges
The four core gauges, plus credit, bond volatility, the yield curve and the dollar. Select a column to sort.
| Gauge | Health | Value | Past year | 1-month change | Evidence |
|---|---|---|---|---|---|
Stock volatility VIX, the market’s expected swings | 76Healthy | VIX 15.1 | +5 | ✓ Validated Predicts future volatility, not returns | |
Trend S&P 500 vs its 200-day average | 53Healthy | +7.1% vs 200-day average | +2 | Descriptive | |
Breadth Advancing minus declining stocks, 1-month change | 16Weak | A/D −1,842 in 1M, S&P +1.5% | +3 | Descriptive | |
Volume Share of trading volume in rising stocks | 45Mixed | 52% of volume on up-moves | +20 | Descriptive | |
Credit High-yield bond spreads | 45Mixed | High-yield spread 3.09% | −48 | Descriptive | |
Bond volatility Swings in the 10-year Treasury yield | 57Healthy | 10-year yield volatility 0.84 pts | −29 | Descriptive | |
Yield curve 10-year minus 2-year Treasury yield | 71Healthy | 10-year minus 2-year +0.47 pts | +6 | Tested, no edge No short-term signal in our tests | |
Dollar Trade-weighted US dollar | 37Mixed | Dollar index 121.4 | −44 | Descriptive |
How to read this page
How it’s measured. Each gauge is measured against its own last five years.
Sources. Daily prices from Financial Modeling Prep; the VIX from Cboe via FRED; scores from Stox.
The large number is a score from 0 to 100. It shows where today sits in that gauge’s own five-year history, so 100 is the healthiest reading and 0 the most stressed. The line beneath it is the familiar value the score comes from.
The overall score averages the four core gauges. In our research only volatility predicts anything, and it predicts future price swings, not returns. Treat the other gauges as a description of today.
This page is information, not investment advice. About our data and methods ›