Business Live TV

Markets Fear & Greed Index

DOW 38,647.10 0.17%
S&P 500 5,433.74 0.23%
NASDAQ 17,667.56 0.34% 43

Fear & Greed Index

What emotion is driving the market now?
Learn more about the index

Overview Timeline

43

Previous close
Neutral 46

1 week ago
Fear 44

1 month ago
Neutral 48

1 year ago
Extreme Greed 79
Last updated Jun 13 at 4:36:11 PM ET

7 FEAR & GREED INDICATORS

MARKET MOMENTUM
EXTREME GREED

S&P 500 and its 125-day moving average

S&P 500 125-day moving average

5,500.00

5,000.00

4,500.00

4,000.00
Jul '23 Oct Jan '24 Apr

Last updated Jun 13 at 4:20:01 PM EDT

It’s useful to look at stock market levels compared to where

they’ve been over the past few months. When the S&P 500 is
above its moving or rolling average of the prior 125 trading
days, that’s a sign of positive momentum. But if the index is
below this average, it shows investors are getting skittish.
The Fear & Greed Index uses slowing momentum as a signal
for Fear and a growing momentum for Greed.

STOCK PRICE STRENGTH

EXTREME FEAR

Net new 52-week highs and lows on the NYSE

5.00%

0.00%

-5.00%

-10.00%
Jul '23 Oct Jan '24 Apr

Last updated Jun 13 at 4:36:11 PM EDT

A few big stocks can skew returns for the market. It’s
important to also know how many stocks are doing well
versus those that are struggling. This shows the number of
stocks on the NYSE at 52-week highs compared to those at
52-week lows. When there are many more highs than lows,
that’s a bullish sign and signals Greed.

STOCK PRICE BREADTH

EXTREME FEAR

McClellan Volume Summation Index

2,000.00

Market breadth strong

1,500.00

1,000.00

500.00
Market breadth weak

0.00
Jul '23 Oct Jan '24 Apr

Last updated Jun 13 at 4:36:06 PM EDT

The market is made up of thousands of stocks. And on any

given day, investors are actively buying and selling them. This
measure looks at the amount, or volume, of shares on the
NYSE that are rising compared to the number of shares that
are falling. A low (or even negative) number is a bearish sign.
The Fear & Greed Index uses decreasing trading volume as a
signal for Fear.

PUT AND CALL OPTIONS

EXTREME GREED

5-day average put/call ratio

1.10

1.00

0.90

0.80

0.70

0.60
Jul '23 Oct Jan '24 Apr

Last updated Jun 13 at 4:17:34 PM EDT

Options are contracts that give investors the right to buy or

sell stocks, indexes or other financial securities at an agreed
upon price and date. Puts are the option to sell while calls
are the option to buy. When the ratio of puts to calls is rising,
it is usually a sign investors are growing more nervous. A
ratio above 1 is considered bearish. The Fear & Greed Index
uses a bearish options ratio as a signal for Fear.

MARKET VOLATILITY
NEUTRAL

VIX and its 50-day moving average

VIX 50-day moving average

22.00

20.00

18.00

16.00

14.00

12.00

Jul '23 Oct Jan '24 Apr

Last updated Jun 13 at 4:15:01 PM EDT

The most well-known measure of market sentiment is the

CBOE Volatility Index, or VIX. The VIX measures expected
price fluctuations or volatility in the S&P 500 Index options
over the next 30 days. The VIX often drops on days when the
broader market rallies and soars when stocks plunge. But the
key is to look at the VIX over time. It tends to be lower in bull
markets and higher when the bears are in control. The Fear &
Greed Index uses increasing market volatility as a signal for
Fear.

SAFE HAVEN DEMAND

EXTREME FEAR

Di]erence in 20-day stock and bond returns

Stocks outperforming Bonds 8.00%

6.00%

4.00%

2.00%

0.00%

-2.00%
Bonds outperforming Stocks
-4.00%
Jul '23 Oct Jan '24 Apr

Last updated Jun 13 at 3:59:59 PM EDT

Stocks are riskier than bonds. But the reward for investing in
stocks over the long haul is greater. Still, bonds can
outperform stocks over short periods. Safe Haven Demand
shows the diXerence between Treasury bond and stock
returns over the past 20 trading days. Bonds do better when
investors are scared. The Fear & Greed Index uses increasing
safe haven demand as a signal for Fear.

JUNK BOND DEMAND

FEAR

Yield spread: junk bonds vs. investment grade

2.00%

1.80%

1.60%

1.40%

Jul '23 Oct Jan '24 Apr

Note: The frequent drops of the yield spread on the Junk Bond Demand
chart usually appear on the ex-dividend date. The spread typically
bounces back after the dividend is paid and normalizes over time.

Last updated Jun 13 at 4:10:00 PM EDT

Junk bonds carry a higher risk of default compared to other

bonds. Bond yields – or the return you get on investing in a
bond - dip when prices go up. If investors crave junk bonds,
the yields drop. Likewise, yields rise when people are selling.
So a smaller diXerence (or spread) between yields for junk
bonds and safer government bonds is a sign investors are
taking on more risk. A wider spread shows more caution. The
Fear & Greed Index uses junk bond demand as a signal for
Greed.

FEAR & GREED INDEX FAQS

What is the CNN Business Fear & Greed Index?

The Fear & Greed Index is a way to gauge stock market

movements and whether stocks are fairly priced. The theory
is based on the logic that excessive fear tends to drive down
share prices, and too much greed tends to have the opposite
eXect.

How is Fear & Greed Calculated?

The Fear & Greed Index is a compilation of seven diXerent

indicators that measure some aspect of stock market
behavior. They are market momentum, stock price strength,
stock price breadth, put and call options, junk bond demand,
market volatility, and safe haven demand. The index tracks
how much these individual indicators deviate from their
averages compared to how much they normally diverge. The
index gives each indicator equal weighting in calculating a
score from 0 to 100, with 100 representing maximum
greediness and 0 signaling maximum fear.

How often is the Fear & Greed Index calculated?

Every component and the Index are calculated as soon as

new data becomes available.

How to use Fear & Greed Index?

The Fear & Greed Index is used to gauge the mood of the
market. Many investors are emotional and reactionary, and
fear and greed sentiment indicators can alert investors to
their own emotions and biases that can influence their
decisions. When combined with fundamentals and other
analytical tools, the Index can be a helpful way to assess
market sentiment.

Return to Fear & Greed Index

Search CNN...

Sign in

Live TV

Listen

Watch

US

World

Politics

Business

Markets

Opinion

Health

Entertainment

Tech

Style

Travel

Sports

Watch

Listen

CNN Underscored

Coupons

Science

Climate

Weather

Ukraine-Russia War

Israel-Hamas War

About CNN

Business

FOLLOW CNN BUSINESS

Most stock quote data provided by BATS. US market indices are shown
in real time, except for the S&P 500 which is refreshed every two
minutes. All times are ET. Factset: FactSet Research Systems Inc. All
rights reserved. Chicago Mercantile: Certain market data is the
property of Chicago Mercantile Exchange Inc. and its licensors. All
rights reserved. Dow Jones: The Dow Jones branded indices are
proprietary to and are calculated, distributed and marketed by DJI
Opco, a subsidiary of S&P Dow Jones Indices LLC and have been
licensed for use to S&P Opco, LLC and CNN. Standard & Poor’s and
S&P are registered trademarks of Standard & Poor’s Financial Services
LLC and Dow Jones is a registered trademark of Dow Jones Trademark
Holdings LLC. All content of the Dow Jones branded indices Copyright
S&P Dow Jones Indices LLC and/or its acliates. Fair value provided by
IndexArb.com. Market holidays and trading hours provided by Copp
Clark Limited.

Terms of Use Privacy Policy Configuración de Cookies

Ad Choices Accessibility & CC About Newsletters

Transcripts

© 2024 Cable News Network. A Warner Bros. Discovery Company. All

Rights Reserved.
CNN Sans ™ & © 2016 Cable News Network.