Financial markets, a week opening amid renewed tariff tensions and fears over the evolution of the US–Iran crisis. Volatility rises
The week in the financial markets opens with a neutral sentiment but a high degree of uncertainty. Fueling this uncertainty once again are U.S. tariffs, with decisions by the White House in response to the ruling of the Supreme Court of the United States. However, investors must also contend with tensions in the Middle East, which are pushing oil prices higher, while anticipation grows for Nvidia earnings due on Wednesday. Futures indicate a negative start for the United States and a stable opening for Europe. Volatility remains elevated.
Market Weather Map
February 23, 2026
US Equities
Eu Equities
Asia Equities
Commodities
Bonds
Dollar Index
Technology
Gold
Oil
Crypto
Market Summary
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Financial markets are showing a neutral sentiment today. Intermarket analysis highlights a Market Health Score of 47/100 (neutral). Our intermarket dashboards show that the sentiment environment remains highly uncertain. Risk indicators continue to be weak, while it is worth noting that the Oil/Gold ratio has moved back above its 50-day moving average, driven by rising tensions between the United States and Iran. Across asset classes, short-term turbulence continues to have little impact on medium-term trends, with equities, bonds, and commodities remaining above their medium- and long-term moving averages.
Pre-Market Futures: Global futures point to a moderate risk-off sentiment (-0.27% on average), with the U.S. negative (-0.83%), Europe slightly positive (+0.13%), and Asia negative (-0.73%).
📊 Global Futures – Pre-Market Sentiment
- FTSE MIB derived: +1.49%
- IBEX 35 derived: +1.35%
- Hang Seng derived: +0.48%
- CSI 300: -1.69%
- Russell 2000: -1.05%
- Nikkei 225 derived: -0.99%
📄 Detailed Intermarket Analysis
INTERMARKET ANALYSIS - 2026-02-23 ============================================================ MARKET HEALTH SCORE: 46.9/100 SENTIMENT: NEUTRAL ============================================================ SUMMARY OF MAIN RATIOS ============================================================ DJ/Gold: - Component score: 5.0/100 - Current value: 9.8089 - Position vs EMA50: BELOW - 20-day ROC: -2.50% - 50-day ROC: -13.97% → Flight to safe haven Gold/USD: - Component score: 95.0/100 - Current value: 51.7311 - Position vs EMA50: ABOVE - 20-day ROC: +3.66% - 50-day ROC: +22.42% Oil/Gold: - Component score: 25.0/100 - Current value: 0.0131 - Position vs EMA50: BELOW - 20-day ROC: +8.52% - 50-day ROC: -6.68% → Rising energy demand SP500/VIX: - Component score: 5.0/100 - Current value: 361.9439 - Position vs EMA50: BELOW - 20-day ROC: -18.12% - 50-day ROC: -11.93% → Contracting risk appetite Commodities/T30y: - Component score: 95.0/100 - Current value: 0.2751 - Position vs EMA50: ABOVE - 20-day ROC: +1.24% - 50-day ROC: +7.64% → Economic growth expectations SP500/Nasdaq: - Component score: 95.0/100 - Current value: 0.3019 - Position vs EMA50: ABOVE - 20-day ROC: +2.35% - 50-day ROC: +3.83% ============================================================ CONCLUSIONS AND RECOMMENDATIONS ============================================================ The market is in a neutral/sideways phase. Conflicting signals across the various ratios. There is no clear directional bias. Wait for confirmation. Positioning: BALANCED, avoid excess exposure. STRONGEST RATIOS: • Gold/USD: 95.0/100 • Commodities/T30y: 95.0/100 • SP500/Nasdaq: 95.0/100 WEAKEST RATIOS: • Oil/Gold: 25.0/100 • DJ/Gold: 5.0/100 • SP500/VIX: 5.0/100 ============================================================ Analysis automatically generated by kbmeter.com Date: 2026-02-23
📄 Detailed Asset Allocation Analysis
ASSET ALLOCATION & REGIME ANALYSIS - 2026-02-23
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MARKET REGIME: RISK-ON - UNSTABLE COMMODITIES
REGIME SCORE: 95.0/100
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TREND AND VOLATILITY ANALYSIS
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GLOBAL EQUITIES (ACWI):
Short Trend (5d): +1.16% | ABOVE EMA 10
Medium Trend (20d): +1.70% | ABOVE EMA 50
Long Trend (60d): +7.64% | ABOVE EMA 200
Volatility 5d: 6.5%
Volatility 20d: 12.6%
Volatility 60d: 10.8%
COMMODITIES (DBC):
Medium Trend (20d): +1.74% | ABOVE EMA 50
Volatility 20d: 28.7%
ACWI/BND Correlation (30d): -0.064
REGIME INTERPRETATION:
The market is in a risk-on regime. Equities show positive trends across multiple
time horizons and volatility remains contained. Investors favor risk assets.
Suggested positioning: OVERWEIGHT equities.
⚠️ COMMODITIES ALERT: Commodities are showing elevated volatility. This may
indicate uncertainty about economic growth or unstable supply/demand dynamics.
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ASSET RANKING - WHICH IS PERFORMING BEST?
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🥇 1. Global Equities (ACWI) - SCORE: 100/100
Price: $147.63
Trend: ABOVE EMA10 | ABOVE EMA50 | ABOVE EMA200
Performance: 5d +1.16% | 20d +1.70% | 60d +7.64%
Volatility: 5d 6.5% | 20d 12.6% | 60d 10.8%
Drawdown: -0.05%
→ Asset in STRONG HEALTH: positive trends and controlled volatility
🥈 2. Global Bonds (BND) - SCORE: 98/100
Price: $74.81
Trend: ABOVE EMA10 | ABOVE EMA50 | ABOVE EMA200
Performance: 5d -0.09% | 20d +1.09% | 60d +1.21%
Volatility: 5d 2.4% | 20d 2.8% | 60d 2.9%
Drawdown: -0.09%
→ Asset in STRONG HEALTH: positive trends and controlled volatility
🥉 3. Commodities (DBC) - SCORE: 90/100
Price: $24.60
Trend: ABOVE EMA10 | ABOVE EMA50 | ABOVE EMA200
Performance: 5d +3.02% | 20d +1.74% | 60d +12.31%
Volatility: 5d 21.8% | 20d 28.7% | 60d 19.5%
Drawdown: -2.77%
→ Asset in STRONG HEALTH: positive trends and controlled volatility
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CORRELATION ANALYSIS - CURRENT vs HISTORICAL
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ACWI/BND:
Current correlation (30d): -0.064
Historical average (1 year): +0.160
Deviation: -0.224
→ Weak correlation: moderate diversification
BND/DBC:
Current correlation (30d): -0.259
Historical average (1 year): -0.177
Deviation: -0.082
ACWI/DBC:
Current correlation (30d): +0.270
Historical average (1 year): +0.168
Deviation: +0.102
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OPERATIONAL SUMMARY
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STRONGEST ASSET: Global Equities (Score: 100/100)
WEAKEST ASSET: Commodities (Score: 90/100)
SUGGESTED ACTION: Favor the strongest asset, maintain risk exposure.
DIVERSIFICATION: EXCELLENT - Asset classes are moving independently.
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Analysis automatically generated by kbmeter.com
Date: 2026-02-23
On the macroeconomic front, today’s agenda includes German business confidence data for late February, the CFNAI index update, and U.S. factory orders data for December 2025.
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NOTES AND WARNINGS
Analysis automatically generated by kbmeter.com. Analysis date: 23 February 2026 - 7:13 AM GMT+1
This content is provided for informational purposes only and should not be considered financial advice. All scores and assessments are based on the previous trading day’s closing prices. Futures indications refer to the date and time of the analysis.
