ThisTracks the Market
Week of October 15, 2026 · updated October 15, 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: -1.3% from 1y high
S&P 500 drawdown got worse this week (risk score +20), now at a risk reading of 46/100. How far stocks have pulled back from their recent highs — a rough gauge of how nervous investors are right now.
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: 3.16
High-yield credit spread got worse this week (risk score +7), now at a risk reading of 59/100. When this widens, it gets more expensive for businesses and households to borrow — a leading sign that lenders are getting nervous.