Theta Decay InvestingTheta Decay Investing

Market Risk

How nervous stock and bond investors are right now: volatility, credit spreads and borrowing to buy stocks.

VIX Volatility Index

Expected 30-day S&P 500 volatility, daily close

16.46
▼ 0.41 · Oct 15, 2026
FRED: VIXCLS

Corporate Credit Spreads

Extra yield over Treasuries (option-adjusted), daily close

High yield
3.23%▼ 0.02
Investment grade
0.84%■ 0.00
Oct 15, 2026
FRED: BAMLH0A0HYM2, BAMLC0A0CM · FRED only provides the most recent 3 years of ICE BofA data.

Baa Corporate Spread

Moody's Baa corporate bond yield minus 10-year Treasury, daily

1.44%
■ 0.00 · Oct 15, 2026
FRED: BAA10Y

Margin Debt

Money investors have borrowed from brokers to buy securities, monthly

$1.48T
▲ 0.03 · Sep 2026
FINRA Margin Statistics

Consumer Sentiment

University of Michigan survey of how consumers feel about the economy, monthly

51.70
▼ 3.50 · Aug 2026
FRED: UMCSENT

U.S. Dollar vs. Euro

Dollars needed to buy one euro (EUR/USD), weekly average. Lower means a stronger dollar.

$1.1209
▼ 0.0099 · Oct 9, 2026
FRED: DEXUSEU

Regional Fed Manufacturing Surveys

Manufacturers reporting better vs. worse business conditions (diffusion index), monthly

Philadelphia Fed
20.90▼ 16.90
New York (Empire State)
25.50▲ 17.90
Oct 2026
FRED: GACDFSA066MSFRBPHI, GACDISA066MSFRBNY · PMI-style surveys by the Philadelphia and New York Federal Reserve Banks; not the ISM PMI.