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The Only Free Macro Indicator Tool List You Need
This is a collection of 13 free indicators I use to evaluate the state of the market.
1. US 2Y and 10Y Bond Yields
Link (US 2Y Bond Yields): https://www.tradingview.com/chart/?symbol=TVC%3AUS02Y
Link (US 10Y Bond Yields): https://www.tradingview.com/chart/?symbol=TVC%3AUS10Y
A rise in either interest rates or the inflation rate pushes up bond yields which are a benchmark for borrowing costs. This means that credit costs rise with higher yields. Being much larger in volume, bond markets have a major impact on equity markets (e.g. stocks).
2. US High Yield Index Spread
Link: https://fred.stlouisfed.org/series/BAMLH0A0HYM2
The high-yield bond spread is the difference between the yield for low-grade bonds (High-yield or junk bonds) and the yield for stable high-grade bonds or government bonds. In layman terms: When bond credit spread is low it means that overall economic conditions are good. When there is a sudden spike it often means that economic troubles lay ahead.
