Below, are stock indicators which make use of custom credit indices, tailored to each stock index. When the ‘fair’ value is above the market value, that indicates that the market is cheap to its credit-implied fair value. Each index follows the same principle as employed by our stock indicator.

As always, please read our Disclaimer before making investment decisions.


Russell 2000

Disconnect (Fair-Market): -6.5%


S&P 500

Disconnect (Fair-Market): -6.2%


Financial SPDR (XLF)

Disconnect (Fair-Market): -2.9%


Energy SPDR (XLE)

Disconnect (Fair-Market): -5.2%


Utilities SPDR (XLU)

Disconnect (Fair-Market): -22.0%


Technology SPDR (XLK)

Disconnect (Fair-Market): -7.9%


Materials SPDR (XLB)

Disconnect (Fair-Market): -9.3%


Staples SPDR (XLP)

Disconnect (Fair-Market): -16.0%


Discretionary SPDR (XLY)

Disconnect (Fair-Market): -3.0%


Industrial SPDR (XLI)

Disconnect (Fair-Market): -7.7%


Health Care SPDR (XLV)

Disconnect (Fair-Market): -4.5%


Homebuilders SPDR (XHB)

Disconnect (Fair-Market): -0.5%