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US Yield Curve ?

10Y / 2Y / 3M levels (%)

10Y minus 2Y Spread ?

Below 0 = inverted. Red shading = inversion zone.

Japan 10Y ?

Above 2.0% = carry unwind risk. Rising = global risk-off.

CN minus US 10Y Spread ?

Below -2% = capital outflow pressure from Asia.

Multi-Market 10Y Yields ?

US / JP / DE / KR global rate direction

Macro Conviction Multiplier ?

Derived from bond signals daily. Below 0.85 = headwind.
🌐 Global Indices

5-Day Returns (%)

Positive = green, negative = red

Normalised Performance (base=100)

Rebased to 100. Convergence = correlation event.

Correlation Heatmap (20d)

All red = systemic. Mixed = decoupled markets.
🔧 Semiconductor Equipment Cycle (SEAJ) Japan-based equipment billings, 3-month avg (Wayback/SEAJ)

Equipment Billings YoY % (monthly)

Japan-based semiconductor equipment. Positive = capex expansion cycle.

Worldwide Billings by Market (latest quarter, USD bn)

Taiwan / China / Korea / Japan dominance shifts. Click bar for YoY.
🚢 Freight & Shipping Rates BDRY=dry bulk (BDI proxy) • ZIM=container • STNG/TNK=tanker

Normalised Performance (base=100, 60d)

Rebased to 100 at start. Rising = freight rate environment improving.

20-Day Price Change (%)

Proxy for freight rate direction over the past month.
📅 Economic Calendar High/Medium impact • US • TW • JP • KR • CN • DE • via Finnhub
🇯🇵 Yen Carry Trade Monitor (USD/JPY)

USD/JPY — 120 Days

Rising = USD stronger / JPY weaker = carry trade expanding. Sharp drop = carry unwind = global risk-off.
Level Zone Meaning & Action
💰 Money Market Fund Flows ICI total MM fund assets • institutional + retail • weekly

Institutional MM Assets ($bn)

Weekly. Rising = risk-off. Falling = deploying into equities.

Retail MM Assets ($bn)

Weekly. Rising = risk-off. Falling = deploying into equities.

Weekly Net Flow ($bn)

Week-over-week change in total MM assets. Red = inflow to cash (risk-off). Green = outflow to market (risk-on).

Cash Ratio % (Total MM Assets / US Equity Market Cap)

MMF assets / S&P 500 market cap. <10% = Top (all-in). 15–20% = Buy Zone. >20% = Generational Bottom (2020 peak: 22%). Source: ICI + yfinance ^GSPC.