Oil: SUPPLY_TIGHTENING, crude 441.7M bbl, refinery 94.5%, SPR 365M.
MACRO RADAR · June 4, 2026, 03:15 UTC · Regime EXPANSION · Risk 33.9/100 · Composite 34.3
Risk Gauge: 33.9/100 (Low). Phase: EXPANSION. Composite Risk: 34.3/100 (MODERATE). Geopolitical risk: 48/100 (MODERATE). Top: Russia-Ukraine 55/100 (ELEVATED, wheat bullish).
Key indicators
- Risk Gauge
- 33.9/100 (Low)
- Regime Phase
- EXPANSION
- Composite Risk
- 34.3/100 (MODERATE)
- Geopolitical Risk
- 48/100 (MODERATE)
- HY Credit Spreads
- 272bps (NORMAL)
- Crypto Sentiment
- 12 (Extreme Fear, 7d avg 21)
- BTC
- $65,748
- ETH
- $1,826
Macro Overview
Top: Russia-Ukraine 55/100 (ELEVATED, wheat bullish).
Crypto
BTC: $65,748 · ETH: $1,826 · SOL: $72.73 Crypto sentiment: 12 (Extreme Fear, 7d avg 21) (falling).
Liquidity & Credit
HY Credit Spreads: 272bps NORMAL BDRY: $12.64 (+10.9% 30d, DOWN — BULLISH_SHIPPING). Oil: SUPPLY_TIGHTENING, crude 441.7M bbl, refinery 94.5%, SPR 365M.
Key Prices
SPY -0.6% | QQQ +0.2% | VIX +1.8% | TLT -0.2% | DXY +0.2% | OIL +1.2%
Overnight vs US Close
▼ UMAC: -13.6% ▼ ONDS: -13.4% ▼ NASDAQ: -12.7% ▼ INFQ: -11.7% ▼ RGTI: -9.3% ▲ NEAR/USD: +9.2%
Hegemony Snapback
2/6 — WATCH USD Index 118.88 (R), Gold $4488 (Y), Oil $98 (Y)
Notable Z-scores
[-] 2s10s Curve: -2.14σ [+] 30Y Mortgage Rate: +1.59σ
US Open Setup
Semiconductor strength sets up tech leadership test into the US session. Watch for follow-through in growth names versus continued crypto weakness as institutional flows remain skewed toward traditional risk assets.