Market dashboard
Market Valuation & Risk
How stretched is the market, and how calm is the backdrop? Every indicator is scored against its own history (as of June 2026).
Valuation & leverage
Near record highs
most valuation gauges are extended vs history
Macro & credit
Calm
no recession signals firing
The dot is the market today. Higher means pricier stocks, further right means more economic and credit stress, each compared with its own history.
3 of 4 valuation indicators and 1 of 4 macro indicators are above their historical average.
Valuation & Leverage
4 indicators, each scored against its own history
Shiller CAPE
Record high
41.0
lownormalhigh
Buffett Indicator
Record high
218%
lownormalhigh
Equity Risk Premium
Normal
0.44%
lownormalhigh
Margin Debt / GDP
Record high
4.44%
lownormalhigh
Macro & Credit
4 indicators, each scored against its own history
10Y-3M Treasury Spread
Low
0.55%
lownormalhigh
Sahm Rule
Normal
0.10%
lownormalhigh
Initial Jobless Claims
Very low
215K
lownormalhigh
Financial Conditions (NFCI)
Normal
-0.52
lownormalhigh
Inflation & Rates
4 indicators, each scored against its own history
Inflation (CPI YoY)
High
4.17%
lownormalhigh
Inflation Expectations
Normal
2.20%
lownormalhigh
Interest Rates
Normal
3.63%
lownormalhigh
Money Supply (M2 YoY)
Low
5.58%
lownormalhigh
Sources: FRED (Federal Reserve Bank of St. Louis) for Treasury yields, GDP, corporate equity, employment, jobless claims, recession and financial-conditions data, all public domain. CAPE and S&P 500 earnings: Robert Shiller (Yale). Margin debt: FINRA. Each reading is placed against that series' own full history. For information only, not investment advice.