ThisTracks the Market
Week of October 12, 2026 · updated October 12, 2026
→ This week's reading is steady compared to last week.
This is a gauge, not a crystal ball. It reflects where economic stress indicators sit today — it does not predict what markets will do next.
Currently: -0.49
Financial conditions (NFCI) got worse this week (risk score +17), now at a risk reading of 58/100. When this widens, it gets more expensive for businesses and households to borrow — a leading sign that lenders are getting nervous.
Currently: -0.1% from 1y high
S&P 500 drawdown eased this week (risk score -8), now at a risk reading of 19/100. How far stocks have pulled back from their recent highs — a rough gauge of how nervous investors are right now.
Currently: 0.82
Investment-grade spread eased this week (risk score -8), now at a risk reading of 40/100. When this widens, it gets more expensive for businesses and households to borrow — a leading sign that lenders are getting nervous.