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Market Risk Classifier · 07:30 ET · daily

Mindforge saw stability return first in 68 of 75 stress episodes.

Typically 45 trading days before VIX dropped below 20.

Today's risk state2026-10-23
STABLESHIFTINGELEVATEDSHOCKCRISIS
STABLE
VIX
19.03
S&P 500
7,663.43
Both figures are the prior session's close.
Next: How it works

The brief is sent only when the call materially changes.

View dated reports

Read the call and what followed.

Step 1 of 4·You see stability return sooner

Mindforge called stability back before VIX showed it.

What it means for you

You saw stability return about 45 trading days before VIX showed it.

Trading days sooner than VIX, episode by episode

0100200TYPICAL: 45 DAYS75 STRESS EPISODES, 1990 TO 2022, SORTED
68 Mindforge first7 VIX first
Show the proof: 32 recoveries, call by call
Did the S&P 500 hold up the week after?
59 of 75
  • 59 held up
  • 16 fell 3% or more

The S&P 500 while you waited

+1.13%typical S&P 500 move
before VIX caught up
It was higher by then in 21 of 32 recoveries and lower in 11. Before costs.
  • 21 higher by the time VIX caught up
  • 11 lower by the time VIX caught up

Historical record, not a projection. Moves are S&P 500 closes against the call's prior-session close, before trading costs.

Step 2 of 4·You are not shaken out by scares

Mindforge held STABLE through 114 VIX scares.

What it means for you

A VIX spike is not always a real escalation. Mindforge held STABLE through 114 of them, and 108 faded afterwards.

Scares that faded after a STABLE hold
108 of 114
  • 108 faded
  • 6 later turned dangerous
Show the proof: the latest hold and the latest escalation

A WHIPSAW report can add context when visible market volatility and the STABLE base classification diverge.

Step 3 of 4·You get fewer wrong warnings

From 1990 to 2024, Mindforge warned less often and was wrong less often than VIX-only rules.

What it means for you

Fewer warnings to sort through, and fewer of them wrong.

Warnings raised from 1990 to 2024, and how many were wrong

Mindforge against VIX-only rules

65%fewer wrong warnings
Same data, 1990 to 2024.

Historical backtested performance, 1990 through 2024. Not investment advice; past performance does not guarantee future results.

Step 4 of 4·You can check every call

Every Event Risk Brief is marked on the S&P 500 from 2025 to now.

What it means for you

Every Event Risk Brief is dated and kept, so you can check what Mindforge said against what the market did before you commit to anything.

Scroll the chart sideways and tap a ▲ or a green ◆ (the recovery) to open that brief.

FEBMARAPRMAYJUNJULAUGSEPOCTNOVDECJAN 2026FEBMARAPRMAYJUNJULAUGSEPOCT5,0005,5006,0006,5007,0007,500S&P 500 CLOSE · ▲ BRIEF · ◆ RECOVERY · SHADE = STATE
STABLESHIFTINGELEVATEDSHOCKCRISISRecoveryNo data yet
See every brief and how it concluded
Reference·The five risk states

Every morning Mindforge publishes one of five risk states.

What it means for you

A single, rules-based market state classification delivered pre-market to anchor the morning risk discussion.

Show what each state means
CRISIS
The most severe level of risk
SHOCK
A sudden, sharp jump in risk
ELEVATED
Risk is higher than usual
SHIFTING
The backdrop has started to change
STABLE
The backdrop Mindforge measures is stable
A STABLE report can carry one of two context labels
STABLE · WHIPSAW
Held STABLE through a VIX spike
STABLE · RESOLVED
Returned to STABLE after a warning episode

Research use only. Not investment advice. Past performance ≠ future results. Mindforge is not a registered investment adviser. Full terms · Methods