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31. 7. 2026
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Market regime live
Risk regime · reading the tapeNeutral
The one thing today

Equities are powering higher on easing dollar and falling oil, but crypto remains trapped in extreme fear — the divergence widens. A break above 4.75% in 10Y yields or a VIX move above 25 would risk a reassessment of the risk-on narrative.

60Neutral
BearishNeutralBullish

The S&P 500 enjoys a tailwind from a weaker dollar and lower crude, with VIX calm and credit tight supporting the risk-on regime. Meanwhile, crypto languishes in extreme fear and Bitcoin dominance, as yields rise and funding remains neutral. The cross-asset mosaic is mixed: disinflationary oil and dollar ease pressure, but higher yields threaten the duration-sensitive part of the book.

31. 7. 2026·as of 07:15·crypto + stocks
Cross-asset · what's driving risk
US DollarTailwind
120.7
▼ 0.2% · dollar easing, risk tailwind
US 10YTightening
4.67%
▲ 6bp · yields rising
GoldHedge
$4,080
live spot · debasement / haven bid
Crude · WTIDisinflat.
$84.3
▼ 8.2% · eases inflation
Crypto regimeMixed
BTC dominanceBalanced
56.5%
balanced book
Altcoin seasonBitcoin season
20 / 100
10 of top 50 beat BTC 30d
Fear & GreedExtreme Fear
25
extreme fear · balanced mood
Perp funding · OIMild long
+0.010%/8h
≈ +11% APR · balanced carry
Stocks regimeRisk-on
Trend · SPXUptrend
7,316
▲ 4.3% vs 200DMA · above the 200DMA
BreadthMixed
≈ 60%est
est · share of S&P > 200DMA
VIXCalm
20.7
▲ 13.5% · vol contained
HY creditTight
287 bp
▲ 3bp · credit calm
⚑︎What would change my mindconfirmations & flip-risks
Confirmation: VIX stays below 22 and 10Y yield holds below 4.75% — the risk-on read remains intact.
⚠︎Flip risk: 10Y yield rises above 4.75% and SPX breaks below its 50-day moving average, triggering a regime shift to mixed.
⚠︎Flip risk: A sudden spike in VIX above 30 or a credit spread widening past 350 bp would signal systemic stress, negating the bullish stock view.
Top crypto
The Club · ONDO up to $0.407 (1.45x vs entry)
Multi-year hold. 91% deployed · $652 dry powder · 13 assets.
Open Crypto
Top stocks
Core PCE rises just 0.13% in June, mildest since March 2025
A cooler-than-feared core PCE reduces pressure on the Fed to hike and supports the case for a pause, which is bullish for rate-sensitive equities and bonds.
Open Stocks
What's expectedacross both books, next 1–2 weeks
US CPI data next week — if core prints above 0.3% month-on-month, yields could reprice higher.Apr 10
Fed minutes on Wednesday — any hawkish shift could challenge the dollar easing trend.Apr 9
Bitcoin halving countdown (approx 10 days) — could be a catalyst for crypto to break out of fear or a sell-the-news event.Apr 20
Generated from today's sources qualitative read, no buy/sell calls