VICA Institutional Market Sentiment Index
Understanding the relationships that drive markets.
Core Institutional Indicators
Markets move because conditions change.
VMSI™ measures five institutional market conditions before they become fully reflected in price.
Most investors analyze markets 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 VMSI™
VMSI™ measures five institutional market conditions that shape market behavior before they become fully reflected in prices.
VMSI™ combines five institutional market indicators with an Advanced Signal Layer to measure institutional market conditions.
VMSI™ is published weekly using the most recently completed market data.
The Advanced Signal Layer measures the structural forces shaping institutional market conditions beyond the VMSI™ Composite.
IC-VMSI™ measures institutional capital deployment through ownership, allocation, and portfolio positioning.