Fear & Greed Index: 39/100 - Fear

Fear & Greed Index: 39/100 - Fear

The CNN Business Fear & Greed Index currently stands at 39 out of 100, indicating a "Fear" reading according to CNN. This score reflects a composite of seven market indicators, each weighted equally to assess investor sentiment. Key contributors to the current level include declining market momentum (S&P 500 below its 125-day moving average), reduced stock price strength (fewer NYSE stocks hitting 52-week highs), and elevated put/call ratios signaling increased hedging activity. Additionally, rising safe haven demand—evidenced by Treasury bonds outperforming stocks over the past 20 days—and higher VIX volatility levels further underscore investor caution.

Historically, Fear & Greed Index readings below 50 have often coincided with market corrections or periods of uncertainty. For example, the index dropped to 12 during the 2008 financial crisis and to 2 amid the early stages of the 2020 pandemic, both preceding significant rebounds. However, current conditions differ, with mixed signals emerging in junk bond demand (wider spreads suggest caution) and uneven breadth in equity market participation.

While fear-driven environments can signal undervaluation, they also reflect short-term risk aversion. Investors are advised to combine sentiment metrics with fundamental and macroeconomic analyses. The index's real-time nature— updated as data becomes available—enables traders to monitor shifts in collective psychology, though it should not be used in isolation. As of March 5, 2026, the 39/100 score highlights a risk-off posture, but its implications for future market direction remain subject to evolving economic and geopolitical dynamics.

Source: CNN Business Fear & Greed Index methodology and current data.
Source: Historical context from Wealth Hub Trading analysis.
Source: FAQs on Fear & Greed Index usage and limitations.