Daily Report

2026-08-25

The day's regime picture, archived as published. Part of the daily report record.

Global regime board

6bull
9neutral
5bear
S&P 500Nasdaq 100BitcoinEthereumGoldSilverEuro Stoxx 50Nifty 50Nikkei 225KOSPI CompositeShanghai CompositeHang SengTAIEXCrude Oil (WTI)CopperUS 10Y TreasuriesUS Dollar IndexFTSE 100BovespaTadawul All Share

Filtered (causal) HMM states as of this date — the live board is at the home page.

The Compass

United States
Reflation

The market is pricing rising growth and rising inflation.

growth z +2.35 · inflation z +1.27 · 202d in quadrant
India
Stagflation

The market is pricing falling growth with rising inflation.

growth z -1.06 · inflation z +0.66 · 110d in quadrant

Growth × inflation quadrant from asset ratios — interactive version at /compass.

Abnormal moves

MarketDayvs regime normRegime
Copper+3.86%+2.4σneutral
Bovespa+1.08%+1.8σneutral
Shanghai Composite+1.65%+1.4σneutral
Nasdaq 100+1.46%+1.2σneutral
S&P 500+0.65%+1.1σbull

Moves ranked against what is normal for the regime the market is in — methodology at /movers.

India sectors

Led
Sector1d1w
Metal-0.91%+0.60%
Pharma-0.97%+0.98%
Healthcare-1.21%+0.53%
Energy-1.26%-2.69%
Lagged
Sector1d1w
PSU Bank-2.72%-5.88%
Pvt Bank-2.52%-2.08%
Bank-2.51%-2.22%
FMCG-2.49%-1.67%

Benchmark Nifty 50 -2.12% on the day — full heatmap at /sectors.

This report was generated and published on its stated date and is preserved unchanged — the whole archive is independently snapshotted by the Internet Archive. Educational information, not investment advice.