PreMarket Sentiment Index

The PreMarket Sentiment Index was 25 (Risk-off) at the November 12, 2026 close, down 5 points from the previous session. The index measures U.S. stock market risk appetite on a 0–100 scale from four official data series: VIX volatility, the S&P 500 trend and momentum, and high-yield credit spreads.

Components

Last 60 trading days

Download the last 60 days as CSV

How the index is calculated

Each component is compared with its own readings over the previous 252 trading days (about one year). We measure how far today’s reading is from that one-year average in standard deviations, then convert it to a 0–100 score with a smooth curve, so 50 means “normal for the past year”. For volatility and credit spreads, higher readings mean more stress, so their scores are inverted. The index is the simple average of the available component scores.

The index is not published on days when fewer than 3 of the 4 components have current data. All inputs are end-of-day figures. The history comes from the Federal Reserve Bank of St. Louis (FRED) database. Because FRED publishes the S&P 500 and VIX closes one business day late, the most recent session’s closes are taken from Cboe’s published daily index files (SPX, VIX) and replaced by the FRED figures once released. The high-yield spread is the latest value FRED has published, normally the previous session. Every number on this page can be checked against the sources linked above. The page updates automatically before each U.S. trading session.

How to cite

PreMarket Daily, “PreMarket Sentiment Index”, as of the November 12, 2026 close. https://premarketdaily.com/sentiment-index/

This index summarises market conditions; it is not a forecast or investment advice. See our Editorial Standards & Corrections.