Understanding market sentiment in one number
Markets are not driven purely by fundamentals. Behind every rally and every crash, two powerful emotions are at work: fear and greed.
When fear takes hold, investors panic. They sell indiscriminately, dump risky assets, and flee to safety. Prices overshoot to the downside, creating oversold conditions that often mark the best buying opportunities.
When greed dominates, the opposite happens. Investors pile in, chase momentum, and ignore risk. Prices overshoot to the upside, creating overbought conditions that often precede corrections.
A Fear & Greed Index captures this emotional cycle in a single number. It aggregates multiple market signals into a score from 0 to 100, giving investors a quick read on the prevailing mood. The idea is simple: extreme sentiment tends to revert. Markets that are too fearful often bounce, and markets that are too greedy often correct.
Each index scores from 0 to 100, divided into five zones:
Each zone reflects a different market regime. The key insight is that extreme readings are contrarian signals: when everyone is fearful, it may be time to consider buying. When everyone is greedy, caution is warranted.
Most Fear & Greed indices — like CNN's popular version — only cover one asset class: US stocks. That gives you a narrow view of market sentiment.
OnOff.Markets takes a different approach. We provide four independent indices covering Gold, Bonds, Stocks, and Crypto, plus a Market Sentiment composite that shows how money flows between risk assets and safe havens.
Why does this matter? Because markets don't move in isolation. When stocks crash, gold often rallies. When crypto enters extreme greed, bonds may signal caution. By tracking sentiment across all four asset classes, you get a complete picture of how investors feel about risk — not just a slice of it.
Every component, every weight, every data source is publicly documented. No black boxes. No proprietary secrets. Just transparent quantitative analysis, updated daily.
Measures sentiment toward the world's oldest safe haven. Combines GLD price momentum, RSI and moving averages, dollar strength, real interest rates, and VIX volatility. When investors fear economic uncertainty, gold sentiment tends to rise.
Tracks sentiment in fixed income markets. Uses duration demand (TLT), yield curve shape, credit quality spreads (HYG vs LQD), real yields, bond volatility, and equity-bond rotation. Bonds are the traditional risk-off barometer.
Captures equity market sentiment with 7 components: price strength, VIX, momentum, market participation, junk bond demand, safe haven demand, and sector rotation. The broadest of our four indices, reflecting multiple facets of investor risk appetite.
Measures sentiment in the crypto market. Uses BTC 30-day trend, RSI and moving averages, Bitcoin dominance vs Ethereum, volume trends, and volatility. Calibrated for crypto's unique dynamics, where extreme greed has historically coincided with strong momentum.
Track real-time sentiment across Gold, Bonds, Stocks and Crypto.
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