Matthew Krumholz 
VMSI™ Institutional Market Intelligence Report — FORCE-12 Institutional Edition Week Ending October 9 2025 Theme: Liquidity Rules, Credit Waits — The Calm Before Convexity Composite Ignore the late Week noise — this regime is about structure, not NEWS headlines. Liquidity remains the dominant signal; credit is the hinge. Until torque breaches through credit channels, noise … Read more
VMSI: Continuation Until Credit Breaks — Credit/CRE now the hinge (59.3) VMSI Institutional Market Intelligence Report – Week Ending October 2, 2025 Weekly Summary – Week Ending October 2, 2025 The VMSI composite index edged up to 59.3 from 59.1, holding firm above the continuation threshold of 58. Liquidity depth and execution capacity remain the … Read more
VMSI Institutional Market Intelligence Report – Week Ending September 25, 2025 Weekly Summary – Week Ending September 25, 2025 The VMSI composite index slipped modestly to 59.1 from 59.9, but remains above the continuation threshold of 58. Liquidity depth and execution capacity continue to anchor market resilience. Volatility remains compressed, yet cracks are becoming clearer … Read more
VMSI Institutional Market Intelligence Report – Week Ending September 18, 2025 (Published September 19, 2025) Weekly Summary – Week Ending September 18, 2025 The VMSI composite index ticked higher to 59.9 from 58.9, reinforcing the resilience of structural liquidity in holding the market together. While sector breadth remains mixed and macro signals softened, liquidity depth … Read more
VMSI Institutional Market Intelligence Report – Week Ending September 11, 2025 (Published September 12, 2025) Weekly Summary – Week Ending September 11, 2025 The VMSI composite index eased to 58.9 from 59.7, still above the 58 “fade” threshold and firmly in the inertia-dominant regime. Momentum in technology cooled, breadth remained mixed, but structural resilience holds. … Read more
VMSI Institutional Market Intelligence Report — Week Ending September 4, 2025 Source: VICA Partners VMSI © — Data: Proprietary models & public sources Weekly Summary — Week Ending September 4, 2025 The VMSI composite eased to 59.7 from 60.2, modest cooling but well clear of the fade threshold (58). This keeps markets firmly in a … Read more
VMSI Institutional Market Intelligence Report — August 28, 2025 Source: VICA Partners VMSI © — Data: Proprietary models & public sources Framing Note Model: EC·F₃·μ + C, enhanced with flow-momentum dynamics. It integrates inertia (mass × acceleration), friction (funding and execution constraints), urgency (deployment pacing), and convexity (amplification when flows meet stable macro). Proprietary drift … Read more
VMSI Institutional Market Intelligence Report — August 21, 2025 Source: VICA Partners VMSI © — Data: Proprietary models & public sources Framing Note The EC·F₃·μ model is next-generation market physics. Unlike traditional quant factor screens, it captures inertia (M × a), friction (F₃), and urgency (μ). This resolves what standard quant misses — the persistence … Read more
VICA Partners | August 20, 2025 Markets are pricing an ~85% chance of a 25bp cut at the September 16–17 FOMC. Upside: limited if Powell delivers what’s already priced Downside: sharper if he stalls or pushes cuts out This playbook gives you: A scenario grid mapping Fed outcomes to market impact A visual chart for … Read more
VMSI Institutional Market Intelligence Report — August 14, 2025 Source: VICA Partners VMSI © — Data: Proprietary models & public sources Summary — Week Ending Aug 14, 2025 Institutional capital remains fully engaged at structural highs, with macro tailwinds — stable rates, tight credit spreads, steady USD — reinforcing risk deployment. Allocation pacing is disciplined, … Read more