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© 2026 The Markets Unplugged · Data in. Conviction out. - Published with Ghost & Aspect

The Real Systemic Risk Gauge: VIX and HYG Tell the Truth Before Powell Does

  • Oz by Oz
    Oz Oz
    Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
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  • April 19, 2025
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The Real Systemic Risk Gauge: VIX and HYG Tell the Truth Before Powell Does
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In an environment crowded with CPI prints, FOMC commentary, and endless speculation about Federal Reserve intentions, it’s easy to miss the more reliable signals hiding in plain sight. According to Oz, the best indicators for systemic risk are not inflation numbers or policy statements — they are VIX and HYG.

Together, these two instruments offer a remarkably accurate real-time read on whether markets are merely nervous — or preparing for breakdown.


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Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
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The Markets Unplugged · Data in. Conviction out.
  • Home
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© 2026 The Markets Unplugged · Data in. Conviction out. - Published with Ghost & Aspect
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