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 |
63.8
|
65.7 |
-1.9
|
Higher volatility, weaker technology leadership, and softer global participation outweighed modest liquidity improvement and orderly credit conditions. |
| Momentum |
67.4
|
70.1 |
-2.7
|
Large-cap and technology momentum weakened, while stronger value and equal-weight participation limited the decline. |
| Liquidity |
63.4
|
63.1 |
+0.3
|
Reserve liquidity improved and credit conditions remained orderly, despite limited support from broader Federal Reserve balance-sheet activity. |
| Volatility & Hedging |
58.4
|
61.6 |
-3.2
|
Equity volatility and targeted hedging increased as dealer stabilization weakened, reducing the market’s capacity to absorb shocks. |
| Safe Heaven |
49.4
|
47.7 |
+1.7
|
Shorter-duration Treasuries and quality credit showed modest defensive demand, while weakness in gold and limited dollar and long-duration support kept broader safe-haven confirmation incomplete. |
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.