VMSI™ Institutional Market Sentiment Index
Five Market Forces
Market conditions change before price responds.
VMSI™ integrates five forces that shape market direction, resilience, and risk.
Most investors analyze markets in parts. VMSI™ measures the system.
| Component | Current | Prior |
(w/w)
|
Interpretation |
|---|---|---|---|---|
| Composite |
62.1
|
61.9 |
+0.2
|
Equity recovery narrowly offset tighter liquidity, duration stress, and weaker breadth. |
| Momentum |
66.5
|
65.5 |
+1
|
Large-cap indexes advanced, but small-cap and equal-weight confirmation remained limited. |
| Liquidity |
57.5
|
60.0 |
-2.5
|
Reserve balances declined as Treasury cash accumulation tightened operational liquidity. |
| Volatility & Hedging |
59.1
|
57.6 |
+1.5
|
Equity-risk pricing improved, while rates volatility remained elevated. |
| Safe Heaven Demand |
48.8
|
49.7 |
-0.9
|
Traditional safe-haven assets showed limited and uneven demand. |
Understanding VMSI™
VMSI™ integrates five market forces to measure the conditions shaping direction, resilience, and risk before they are fully reflected in price.
VMSI™ combines five core indicators with an Advanced Signal Layer to produce an integrated view of market regime. IC-VMSI™ extends the framework to institutional capital behavior, while ICMI™ independently measures where capital is migrating across markets.
VMSI™ is updated weekly using the most recently completed market data.
The Advanced Signal Layer measures structural forces beyond the VMSI™ Composite—including participation, convexity, capital readiness, geopolitical pressure, and regime persistence—by evaluating how these forces interact to distinguish temporary market movement from durable structural change
IC-VMSI™ measures how institutional capital is accumulating, deploying, and positioning across markets to identify where conviction is strengthening before it is fully reflected in price.