Market regime ยท 21 Sep 2026
US market regime today: Risk-On
As of , Faircurve's regime pulse reads 60.4 of 100, Risk-On. The label changed today from Neutral. Five sessions earlier it read 46.7 (Neutral).
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What changed this week
Over the week the Volatility input strengthened 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 positive
- Sector Breadth neutral
- Yield Curve negative
- Cross-Asset positive
- Volatility positive
- Gold/Copper positive
The history
In 189 sessions since 18 Dec 2025 the pulse read Risk-On on 67 days, Neutral on 112 and Risk-Off on 10, and the label changed 35 times, about once every 5 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-On at 60.4 on the day
- Risk-On to Neutral at 59.4 on the day
- Neutral to Risk-On at 61.2 on the day
- Risk-On to Neutral at 55.9 on the day
- Neutral to Risk-On at 62.2 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.