What is this?

Markets tend to cycle between "Risk-On" (investors are optimistic, buying stocks and riskier assets) and "Risk-Off" (investors are fearful, selling stocks and buying safe havens like bonds and gold). This page uses 11 different signals across stocks, bonds, commodities, and currencies to classify the current environment. Knowing the regime helps you decide how aggressively to invest -- in Risk-On environments, staying fully invested tends to pay off, while Risk-Off environments reward caution and defensive positioning.