A practical, no-noise view of US macro conditions. Use it to sanity-check risk-on versus risk-off, confirm regime, and keep position sizing aligned with the tape.
The difference between 10-year and 2-year US Treasury yields. A positive spread often aligns with expansionary conditions, while a deeply negative spread can reflect tight conditions and elevated recession risk.
M2 measures broad money. Faster growth can support risk assets over time, while sustained contraction often coincides with tighter conditions and weaker risk appetite.
A simplified gauge of policy tightness: Fed Funds minus inflation (Core PCE YoY here). Positive real rates are typically more restrictive than negative real rates.
A simple composite: growth proxy (industrial production YoY) minus inflation proxy (Core PCE YoY). Positive suggests growth dominance; negative suggests inflation dominance.
Use it as a regime compass. If rates momentum and liquidity are supportive, you can size risk higher. If real rates are restrictive and the curve is inverted, reduce leverage, tighten risk, and favour quality and liquidity.
It varies by series. Many update daily, others monthly. Each card shows its latest data date, and the calendar sparklines show history so you can see direction and persistence.