A quick, at-a-glance read on global markets — US Treasury yields, major currency pairs, world indices, precious metals and crude oil — with an auto-generated cross-market analysis. A live teaching project by The Mountain Path Academy.
Market Tone — what “Risk-On” and “Risk-Off” mean. Market practitioners use these terms to describe investors’ collective appetite for risk on a given day.
Investors are willing to take risk and buy assets whose returns depend on growth: equities, emerging-market assets, high-yield credit, industrial commodities and higher-yielding currencies (AUD, EM FX).
Typical signs: most stock indices up, VIX falling, Treasury yields rising as bonds are sold, safe havens (gold, JPY, CHF, USD) softer, INR steadier.
Common triggers: strong growth data, cooling inflation, central-bank easing, good earnings.
Investors are cutting risk and seeking safety — selling equities and EM assets and moving into perceived safe havens.
Typical signs: most indices down, VIX rising, money flowing into US Treasuries (yields falling), gold, USD, JPY and CHF firmer, EM currencies such as INR weaker, credit spreads wider.
Common triggers: recession fears, geopolitical shocks, hawkish central-bank surprises, financial stress.
No clear direction — markets are split, moves are small, or investors are waiting for a catalyst (a central-bank meeting, inflation data, earnings).
How this dashboard measures it. It uses the ten world equity indices only: the median daily move plus breadth (how many are up). Risk-On = median above +0.1% with at least 6 of 10 up (or median above +0.2%); Risk-Off = median below −0.1% with 4 or fewer up (or median below −0.2%); otherwise Mixed. The median is used so one outlier index cannot swing the read.
Read it with the other signals. It is a one-day equity snapshot, not a forecast. Cross-check VIX, Treasury yields, gold, the dollar and INR. A divergence is informative: if equities fall while Treasury yields rise, the sell-off is more likely rates- or inflation-driven than a classic flight to safety (where yields usually fall).
10Y–2Y Curve — 10-year minus 2-year yield. Negative = inverted, historically a recession warning.
30Y–10Y Curve — long-end slope; positive = steepening.
US VIX — expected S&P 500 volatility. Below 18 calm, 18–25 elevated, above 25 fear.
Gold/Silver Ratio — ounces of silver per ounce of gold; high (>80) often signals risk-off.
Brent–WTI Spread — global vs US crude benchmark gap.
1D vs 1M/2M/3M — each tile shows the daily change and the change over the selected chart window.
Data providers. US Treasury yields come from FRED (Federal Reserve Bank of St. Louis), official end-of-day. All other instruments — currencies, world indices, precious metals and crude — come from Yahoo Finance, quoted on roughly a 15-minute delay.
Delay policy. Nothing here is real-time. FX, indices and commodities are ~15 min delayed; Treasury yields are end-of-day; when an exchange is closed the last available close is shown and tagged Closed. The freshness legend at the top maps each colour.
Market Tone. The median daily move across ten major world indices, combined with breadth (how many are up). Median is used rather than a simple average so a single outlier — a big Nikkei day, say — doesn't swing the read. Risk-On needs a positive median with broad participation; Risk-Off the reverse; otherwise Mixed / Range-bound.
Equity Breadth. The count of those ten indices trading up on the day, shown as “n/10 up”, with the average daily move alongside.
US Dollar. The Quick Analysis uses the official ICE US Dollar Index (DXY, ~15 min delayed). Only if DXY is unavailable does it fall back to a simple proxy: the average of USD's daily move against EUR, GBP and JPY (EUR/USD and GBP/USD inverted so “up” always means a stronger dollar).
Yields in basis points. Daily changes in Treasury yields are shown in basis points (1 bp = 0.01 percentage point), the market convention — a % change of a yield is not meaningful. Each yield tile shows the FRED observation date.
Futures rolls. Crude prices are continuous front-month futures. When a contract expires the series switches to the next month, so on roll days the “change vs prior close” would compare two different contracts. Those instruments are tagged contract roll, show no 1D change, and are left out of averages that day.
Refresh & caching. The page auto-refreshes on your chosen interval and reads a server-side cache, so repeat visits are fast. If a refresh fails it keeps showing the last good data and retries automatically. “Market data as of” is the timestamp of the underlying data; “Last successful update” is when your browser last received it.
Time zone. All times shown in IST (Asia/Kolkata).
For education only — not investment advice. Data via market data provider. All times IST.