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 |
64.7
|
64.3 |
+0.4
|
Participation broadened; liquidity and hedging limited system improvement. |
| Momentum |
70.8
|
69.1 |
+1.7
|
Breadth strengthened as small caps and equal weight led. |
| Liquidity |
57.4
|
59.0 |
-1.6
|
Reserve liquidity tightened despite modest Fed asset growth. |
| Volatility & Hedging |
63.2
|
62.1 |
+1.1
|
Surface volatility fell while tail protection stayed elevated. |
| Safe Heaven Demand |
49.8
|
50.4 |
-0.6
|
Treasury defense weakened while gold demand persisted. |
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.