Financial markets remain in a neutral sentiment phase, but earnings (banks and TSM) are providing some relief
Financial markets remain in a neutral sentiment phase. The latest “heavyweight” earnings of the week (banks and semiconductors) have provided some relief to U.S. equity indices, while European markets remain somewhat more uncertain. Volatility stays at normal levels. Gold is stable, while the dollar index remains firm.
Market Weather Map
January 16, 2026
US Equities
Eu Equities
Asia Equities
Commodities
Bonds
Dollar Index
Technology
Gold
Oil
Crypto
Market Summary
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📊 Global Futures – Pre-Market Sentiment
- FTSE MIB derived: +0.43%
- US Tech 100 derived: +0.41%
- Russell 2000: +0.31%
- Hang Seng derived: -1.34%
- IBEX 35 derived: -0.52%
- TecDAX derived: -0.46%
Pre-Open Futures: Global futures point to a moderately risk-off sentiment (average -0.12%), with the U.S. slightly positive (+0.29%), Europe slightly negative (-0.22%), and Asia slightly negative (-0.37%).
Based on our scores, financial markets continue to show a neutral sentiment. Intermarket analysis highlights a Market Health Score of 63/100 (moderately positive), with gold still in a position of strength and risk indicators remaining in positive territory, albeit with limited momentum. Major asset classes remain biased to the upside, with correlations currently all in positive territory.
Volatility remains at moderate levels, consistent with a normal market environment. Monitoring the evolution of the macro backdrop and the potential emergence of new catalysts remains essential
📄 Detailed Intermarket Analysis
INTERMARKET ANALYSIS - 2026-01-16 ============================================================ MARKET HEALTH SCORE: 63.1/100 SENTIMENT: MODERATELY BULLISH ============================================================ KEY RATIO SUMMARY ============================================================ DJ/Gold: - Component score: 5.0/100 - Current value: 10.7104 - Position vs EMA50: BELOW - 20-day ROC: -4.18% - 50-day ROC: -9.49% → Flight to safe haven Gold/USD: - Component score: 95.0/100 - Current value: 46.4791 - Position vs EMA50: ABOVE - 20-day ROC: +5.98% - 50-day ROC: +16.04% Oil/Gold: - Component score: 5.0/100 - Current value: 0.0128 - Position vs EMA50: BELOW - 20-day ROC: -0.14% - 50-day ROC: -15.98% → Declining energy demand SP500/VIX: - Component score: 95.0/100 - Current value: 438.4135 - Position vs EMA50: ABOVE - 20-day ROC: +6.25% - 50-day ROC: +9.86% → Expanding risk appetite Commodities/T30y: - Component score: 95.0/100 - Current value: 0.2627 - Position vs EMA50: ABOVE - 20-day ROC: +5.28% - 50-day ROC: +4.94% → Economic growth expectations SP500/Nasdaq: - Component score: 65.0/100 - Current value: 0.2951 - Position vs EMA50: ABOVE - 20-day ROC: +0.30% - 50-day ROC: +2.66% ============================================================ CONCLUSIONS AND RECOMMENDATIONS ============================================================ The market appears moderately constructive. Some ratios show positive signals, but elements of caution remain. Monitor developments closely. Positioning: SELECTIVE, favor quality. STRONGEST RATIOS: • Gold/USD: 95.0/100 • SP500/VIX: 95.0/100 • Commodities/T30y: 95.0/100 WEAKEST RATIOS: • SP500/Nasdaq: 65.0/100 • DJ/Gold: 5.0/100 • Oil/Gold: 5.0/100 ============================================================ Analysis automatically generated by kbmeter.com Date: 2026-01-16
📄 Detailed Asset Allocation Analysis
ASSET ALLOCATION & REGIME ANALYSIS - 2026-01-16
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MARKET REGIME: RISK-ON
REGIME SCORE: 100.0/100
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TREND AND VOLATILITY ANALYSIS
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GLOBAL EQUITIES (ACWI):
Short-Term Trend (5d): +0.17% | ABOVE EMA 10
Medium-Term Trend (20d): +4.65% | ABOVE EMA 50
Long-Term Trend (60d): +4.77% | ABOVE EMA 200
Volatility 5d: 6.5%
Volatility 20d: 8.5%
Volatility 60d: 10.7%
COMMODITIES (DBC):
Medium-Term Trend (20d): +4.95% | ABOVE EMA 50
Volatility 20d: 14.2%
ACWI/BND Correlation (30d): 0.337
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.
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ASSET RANKING - WHICH IS PERFORMING BEST?
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🥇 1. Global Equities (ACWI) - SCORE: 100/100
Price: $145.00
Trend: ABOVE EMA10 | ABOVE EMA50 | ABOVE EMA200
Performance: 5d +0.17% | 20d +4.65% | 60d +4.77%
Volatility: 5d 6.5% | 20d 8.5% | 60d 10.7%
Drawdown: -0.26%
→ Asset in STRONG HEALTH: positive trends and controlled volatility
🥈 2. Global Bonds (BND) - SCORE: 100/100
Price: $74.32
Trend: ABOVE EMA10 | ABOVE EMA50 | ABOVE EMA200
Performance: 5d +0.04% | 20d +0.44% | 60d -0.02%
Volatility: 5d 2.6% | 20d 2.4% | 60d 2.9%
Drawdown: -0.15%
→ Asset in STRONG HEALTH: positive trends and controlled volatility
🥉 3. Commodities (DBC) - SCORE: 100/100
Price: $23.20
Trend: ABOVE EMA10 | ABOVE EMA50 | ABOVE EMA200
Performance: 5d +1.31% | 20d +4.95% | 60d +8.46%
Volatility: 5d 12.5% | 20d 14.2% | 60d 13.1%
Drawdown: -0.81%
→ 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): +0.337
Historical average (1 year): +0.112
Deviation: +0.225
→ Positive correlation: diversification IMPAIRED
BND/DBC:
Current correlation (30d): +0.059
Historical average (1 year): -0.214
Deviation: +0.273
ACWI/DBC:
Current correlation (30d): +0.406
Historical average (1 year): +0.184
Deviation: +0.221
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OPERATIONAL SUMMARY
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STRONGEST ASSET: Global Equities (Score: 100/100)
WEAKEST ASSET: Commodities (Score: 100/100)
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: 2026-01-16
On the macro front, the day is set to be particularly quiet, with only Germany’s final December 2025 inflation reading and U.S. industrial production data for last month on the agenda.
As for U.S. earnings, attention today shifts to mid- and small-sized banks such as Regions Financial and PNC.
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NOTES AND WARNINGS
Analysis automatically generated by kbmeter.com. Analysis date: 16 January 2026 - 8:01 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.
