TODAY'S READ
MARKET REGIME
regimecard.com
Historical Regime

Read the market
before you trade it.

The daily US market regime indicator

Regime Card synthesizes 8 cross-asset signals across credit markets, equity and bond volatility, currency dynamics, commodity flows, sector positioning, and rates — distilled into a single daily read of where the US stock market sits between Risk-Off and Risk-On.

Regime Card is a daily indicator of the US stock market's risk regime. As of June 22, 2026, the market is RISK-ON at the 92.6 percentile — a single daily read distilled from 8 cross-asset signals, positioned between Risk-Off and Risk-On. Updated every U.S. market day.

8 cross-asset signals — the inputs

Credit stress Spread dynamics
Equity vol regime IV structure
Bond market vol Rates uncertainty
Currency carry FX risk appetite
Commodity growth Industrial demand
Sector leadership Cyclical strength
Defensive rotation Risk positioning
Yield curve Term structure
5 Regime classes
8 Market Signals
Daily Update cadence
18+ Year Historical Regime

Common questions

How does Regime Card measure market regime?

Regime Card synthesizes eight cross-asset signals — spanning credit, equity and bond volatility, currencies, commodities, sector positioning, and rates — into a single 0–100 percentile. That percentile places the US stock market on a five-band scale from RISK-OFF to RISK-ON. It describes where cross-asset risk appetite sits for the latest completed session; it is a measure of current conditions, not a price forecast.

How often does Regime Card update?

Regime Card publishes one fresh reading every US market day, reflecting the most recently completed trading session. The percentile and regime label update after each session's close.

Is Regime Card financial advice?

No. Regime Card is an informational market indicator, not investment advice or a recommendation to buy or sell any security. It is descriptive — a read of current cross-asset conditions — rather than predictive, and it does not account for your individual circumstances.

What do Risk-On and Risk-Off mean on Regime Card?

Risk-On describes conditions where cross-asset signals broadly favor risk-taking, with credit, volatility, and positioning aligned constructively. Risk-Off describes broad risk aversion, with stress evident across those same signals. Most days fall in between, on a five-band scale: RISK-OFF, MILDLY OFF, NEUTRAL, MILDLY ON, and RISK-ON.

Track the regime daily

A fresh read every US market day. Follow for the daily read — or post today's.

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