VICA Institutional Market Sentiment Index
Understanding what drives markets—not simply what moves them.
Core Institutional Indicators
Markets move because underlying conditions change.
VMSI™ measures five core institutional market conditions that reveal those changes before they become fully reflected in price.
Markets are analyzed in parts. VMSI measures the system.
| Component | Current | Prior |
(w/w)
|
Interpretation |
|---|---|---|---|---|
| Composite |
65.2
|
64.0 |
+1.2
|
Institutional conditions improved modestly as participation broadened while conviction remained selective. |
| Momentum |
69.7
|
68.9 |
+0.8
|
Market participation expanded beyond narrow leadership despite continued technology weakness. |
| Liquidity |
62.7
|
61.9 |
+0.8
|
Liquidity conditions strengthened as credit markets remained orderly and institutional capital deployment continued. |
| Volatility & Hedging |
60.8
|
59.8 |
+1
|
Hedging demand continued to normalize, although institutional risk management remained active. |
| Safe Heaven |
48.2
|
48.8 |
-0.6
|
Defensive positioning continued to ease as capital rotated incrementally toward risk assets. |
Understanding the VICA Institutional Market Sentiment Index (VMSI™)
The VICA Institutional Market Sentiment Index (VMSI™) measures the institutional market conditions that shape market behavior before they become fully reflected in market prices.
VMSI™ is published weekly using the most recent completed market data to measure current institutional market conditions.
The Advanced Signal Layer extends VMSI™ beyond the composite score by measuring the structural forces shaping institutional market conditions.
IC-VMSI™ measures how institutional capital is being deployed across markets through ownership, allocation, and portfolio positioning.