Market regime ยท 5 Nov 2026
US market regime today: Risk-Off
As of , Faircurve's regime pulse reads 35.4 of 100, Risk-Off. The label changed today from Neutral. Five sessions earlier it read 57.4 (Neutral).
What changed this week
Over the week the Volatility input weakened the most. A positive input pushes the reading up and a negative one pushes it down; the six are listed with the direction each read today.
- Equity Trend negative
- Sector Breadth negative
- Yield Curve positive
- Cross-Asset negative
- Volatility negative
- Gold/Copper positive
The Global Pulse
This reading, in your inbox each market day
Faircurve's note after each US session, with the regime reading inside it. No account needed.
The history
In 222 sessions since 18 Dec 2025 the pulse read Risk-On on 72 days, Neutral on 139 and Risk-Off on 11, and the label changed 39 times, about once every 6 sessions.
Readings from 23 Jul 2026 were recorded on the day. Earlier readings are computed after the fact from the same daily inputs under the current rule.
The last 5 changes
- Neutral to Risk-Off at 35.4 on the day
- Risk-On to Neutral at 59.5 on the day
- Neutral to Risk-On at 62.7 on the day
- Risk-On to Neutral at 58.1 on the day
- Neutral to Risk-On at 60.5 on the day
This page does not report what the market did after any reading. Faircurve has not studied that.
What this reading is
The regime pulse is a reading of market conditions from six measured inputs: trend, breadth, the yield curve, cross-asset confirmation, volatility and the gold to copper ratio. It describes the conditions on the day, not what comes next.
The label changes when the six inputs together cross a fixed threshold; the model does not decide this by hand.
This page does not report what the market did after any reading. Faircurve has not studied that.