ThisTracks the Market
Week of September 29, 2026 · updated September 29, 2026
↑ This week's reading is rising 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: 2.93
High-yield credit spread got worse this week (risk score +24), now at a risk reading of 39/100. When this widens, it gets more expensive for businesses and households to borrow — a leading sign that lenders are getting nervous.
Currently: 0.81
Investment-grade spread got worse this week (risk score +23), now at a risk reading of 36/100. When this widens, it gets more expensive for businesses and households to borrow — a leading sign that lenders are getting nervous.
Currently: -1.5% from 1y high
S&P 500 drawdown got worse this week (risk score +4), now at a risk reading of 49/100. How far stocks have pulled back from their recent highs — a rough gauge of how nervous investors are right now.