Balakrishna Quantum
Macro Command Panel
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● SESSION LIVE · 13:00–21:00 IST
--:--:-- IST · Asia/Calcutta
Macro Dashboard CHECKING…
The state of the global economy at a glance. Every card answers: what happened, versus what was expected, and what it means for markets.
Global Macro Market Bias
Neutral · 53%
Weighted across 30 macro factors · 7-tier scale
Current Macro Regime
Disinflationary Late-Cycle Growth
Output still expanding (GDP 2.1%) while inflation decelerates from elevated levels (CPI 3.5% ↓) — but labour momentum (NFP 57K) and PMIs point to slowing. Positioned near the Quadrant-1 / Quadrant-4 border, drifting down-left.
RISK-ON (FRAGILE) LIQUIDITY: EXPANDING INFLATION: FALLING GROWTH: SLOWING RECESSION RISK: 24%
Key tension: markets are pricing a soft landing (cool CPI + Fed cuts) while payrolls at 57K flirt with stall speed, and PPI at 6.5% questions how far disinflation can run. Whichever breaks first — labour or pipeline prices — sets the next regime.
Banking System & Liquidity REFERENCE
Deposits, lending, delinquencies, credit spreads and the plumbing that decides whether money is getting easier or tighter. Purple = liquidity indicators.
Banking Stress Index
Mild Stress · 34/100
Deposits · emergency borrowing · spreads · delinquencies · unrealised losses
Credit & Funding Stress
High-yield spread3.42% (↓ from 3.55)
Investment-grade spread1.14%
SOFR–IORB spread0.02bp — calm
TED-style credit stress0.19% — low
NFCI (financial conditions)-0.32 (loose)
Read: funding markets are quiet and spreads are tightening — the market prices ZERO systemic risk. The stress that exists is a slow burn in consumer credit and CRE, which shows up in earnings, not overnight funding.
Net Liquidity vs BTC vs Nasdaq 100 (indexed) REFERENCE
$5.72T · EXPANDING
Net Liquidity Bitcoin Nasdaq 100
Liquidity Components
Fed Balance Sheet
QT tapered — barely shrinking now.
$6.62T
NEUTRAL
Reverse Repo (RRP)
Nearly drained; its fall added liquidity for 2 years.
$148B
BULLISH
Treasury General Account
Heavy bill issuance is refilling the TGA — drains liquidity.
$752B
BEARISH
Bank Reserves
Comfortably above the ~$2.8T 'ample' floor estimate.
$3.21T
BULLISH
Global Central-Bank Dashboard REFERENCE
Ten major central banks: where policy is, where it's heading, and who is adding or removing liquidity from the world.
Who Is Doing What
EASING
US · IN · CA
PAUSING
EU · GB · AU · NZ
TIGHTENING
JP
LIQUIDITY SUPPORT
CN · CH
QT ACTIVE
US (tapered) · EU (slowed) · JP (tapering purchases)
Net global impulse: EASING. 6 of 10 banks cutting or supporting liquidity; only the BoJ is tightening. Historically this configuration supports global M2 growth — a medium-term tailwind for risk assets and gold.
Latest Financial News CHECKING…
Loading live headlines from CNBC, CoinDesk, and Economic Times…
Charts & Comparisons REFERENCE
Rolling correlations across the pairs that define this cycle. Correlation measures co-movement — it does not always imply causation, and it is regime-dependent. Values are reference (90-day baseline), scaled per window since shorter lookbacks are genuinely noisier and typically pull correlations toward zero — this isn't a live tick-by-tick recompute, wire in a historical price feed for that.
Net Liquidity vs BTC vs Nasdaq 100 (indexed) REFERENCE
Net Liquidity Bitcoin Nasdaq 100
Feb 26 → Net Liquidity: 103 · Bitcoin: 118.5 · Nasdaq 100: 109
Correlation Intuition
The cycle-defining pairGold × real yields — classically -0.5, now only -0.26
Why it weakenedCentral-bank buying is price-insensitive — it buys regardless of yields
The one that still worksUSD × EM (-0.55): dollar down = EM breathing room
The broken oneBTC × liquidity 30d (+0.21): regulation noise dominates short windows
📘 Educational Insights
Every complex concept on this platform, explained the same way: definition → why it matters → interpretation → typical reaction → exceptions → real example.
Confluence Engine REFERENCE
Where independent signal categories stack up for a name: macro bias, session momentum, the liquidity backdrop, and cross-asset correlation. High confluence means the signals agree; a mixed read means stand aside. The macro-bias and momentum rows update from the live feed on the Macro Dashboard.
Bull/Bear Scanner REFERENCE
Every tracked instrument in one table, ranked by bias score. Crypto, gold, silver, and the dollar are computed from live prices; equity/index rows stay reference until a Twelve Data key is added in Settings (⚙).
InstrumentPriceΔBias ScoreSignalSource
Market-Regime Matrix REFERENCE
Growth vs. inflation defines the regime; policy determines how long it lasts. The inflation axis moves with the live BLS CPI trend; the growth axis uses the latest reference GDP print until a live GDP feed is wired in.
Where We Sit
Disinflationary Late-Cycle Growth
Growth positive, inflation falling — historically the friendliest quadrant for risk assets, provided the labour market doesn't crack first.
Live inflation input: checking CPI trend…
US Economic Data PARTIALLY LIVE
The core suite of US releases. CPI, core CPI, PPI, unemployment, participation, wages, and job openings pull live from the Bureau of Labor Statistics. GDP, ISM PMI, retail sales, and consumer sentiment stay reference until wired to BEA/Census/ISM feeds.
GDP & Growth REFERENCE
Quarterly output and its components. The BEA doesn't offer a free browser-callable feed, so this stays a maintained reference snapshot consistent with the Macro Dashboard's regime card.
Real GDP Growth (QoQ, annualised)
2.1%
Prev 1.8% · Fcst 1.6% · ▲ beat expectations
Last 8 quarters, annualised QoQ % — reference series
Contribution to Growth (pp)
Personal Consumption+1.4pp
Private Investment+0.3pp
Government Spending+0.2pp
Net Exports+0.2pp
Read: growth is consumption-led and broad-based rather than a one-off inventory swing — the kind of print that keeps "soft landing" on the table.
Inflation Dashboard PARTIALLY LIVE
Headline, core, and producer prices pull live from BLS. Category breakdown and market-implied inflation expectations stay reference until wired to a breakeven-rate feed.
Shelter36% weight
+4.1% y/y
Still the single largest driver of core CPI; rolling over slowly.
Food13% weight
+2.6% y/y
Back near target after the 2022–23 spike.
Energy7% weight
-1.8% y/y
Deflationary — crude and gasoline base effects helping headline.
10Y BreakevenMarket-implied
2.31%
TIPS-derived expected inflation, anchored near the Fed's comfort zone.
Labour Market PARTIALLY LIVE
Payrolls, unemployment, participation, wages, and job openings pull live from BLS. Weekly jobless claims and the quits rate stay reference — they publish on a cadence BLS's public series API doesn't carry cleanly.
Economic Calendar REFERENCE
Upcoming macro releases this cycle. Dates are illustrative reference — wire this to a licensed calendar feed (or your own release-date list) for exact, guaranteed-accurate timing.
DateEventPriorForecastImpactWhy It Matters
Federal Reserve REFERENCE
A closer look at the Fed specifically. Rate and balance-sheet figures mirror the Global Central-Bank page; the meeting-by-meeting cut odds are market-implied (CME FedWatch-style) and stay reference until wired to a futures feed.
Fed Funds Rate
3.50–3.75%
Prev 3.75–4.00% · Cut 25bp (Jun) · Next meeting Jul 29, 2026
Statement tone: "Risks to both mandates now balanced; prepared to adjust policy." Balance sheet: QT tapered, reserves comfortably above the ample floor.
Fed balance sheet, $T — last 12 months, reference series
Meeting-by-Meeting Cut Odds (reference)
MeetingHold-25bp-50bp
Jul 29, 202638%62%0%
Sep 17, 202631%58%11%
Oct 29, 202644%49%7%
Dec 10, 202652%41%7%
Yield Curve & Bonds REFERENCE
No free, CORS-enabled live bond-yield feed exists for a static local file — this stays a maintained reference curve consistent with the US10Y figure used elsewhere.
US Treasury Par Yield Curve
3M · 6M · 1Y · 2Y · 5Y · 10Y · 30Y
2s10s SpreadBULLISH
+18bp
Dis-inverted from last year's low — historically the recession-warning phase is the re-steepening, not the inversion itself.
3M10Y SpreadNEUTRAL
-4bp
Still flirting with flat — the Fed's preferred recession signal.
Curve-Implied Recession OddsNEUTRAL
24%
NY Fed-style model output — consistent with the Macro Dashboard's recession probability card.
Forex Dashboard CHECKING…
Live cross rates from the same open.er-api feed that powers the ticker and the synthetic DXY calculation on the Macro Dashboard.
Geopolitical Risk CHECKING…
The composite index is a live market-based risk proxy: it's computed from real gold safe-haven momentum and real Bitcoin realized volatility, refreshed every 5 minutes — not a news headline count. No free structured feed exists for the individual named risk factors below, so that list stays a curated reference register to replace with your own desk's view.
Composite Risk Index CHECKING…
Checking…
Computing from live gold momentum + BTC realized volatility
Live Inputs Driving The Score
Gold (XAU) safe-haven momentumchecking…
Bitcoin realized volatility (24h, hourly)checking…
Trade & tariff policy shiftsHIGH
Energy supply chokepointsMEDIUM
Election-cycle policy uncertaintyMEDIUM
Regional conflict escalationHIGH
Sanctions & export-control regimeMEDIUM
Sovereign-debt / fiscal stressLOW
Socioeconomic Data REFERENCE
Slower-moving structural indicators. These update annually at best even on paid terminals, so "live" isn't really the right bar — this is a maintained reference snapshot.
US Population GrowthNEUTRAL
+0.5%
Prev +0.4% ▲
Immigration-driven; labour-supply tailwind.
Gini CoefficientBEARISH
0.41
Prev 0.40 ▲
Income inequality drifting higher, a slow structural trend.
Poverty RateNEUTRAL
11.4%
Prev 11.5% ▼
Roughly flat versus the prior reporting period.
Median Household IncomeBULLISH
$81,200
Prev $78,900 ▲
Nominal growth outpacing headline CPI this cycle.
Life ExpectancyNEUTRAL
78.9 yrs
Prev 78.6 ▲
Continued post-2021 recovery.
Education Spend (% GDP)NEUTRAL
5.4%
Prev 5.3% ▲
Broadly stable as a share of output.
Market Sentiment CHECKING…
Crypto fear/greed is computed live from real BTC momentum. CBOE actually publishes VIX9D/VIX3M/VIX6M and put/call ratios for free — checking whether this browser can reach them directly (their CDN doesn't set a CORS header, so it depends on your setup). AAII's bull/bear survey has no public feed at all, so that one stays reference.
Crypto Fear & Greed (live proxy)
Checking…
Computed from live BTC 24h momentum, not the official index
Options & Volatility Sentiment CHECKING…
VIX (spot)checking…
VIX9D (short-term)checking…
VIX3Mchecking…
VIX6Mchecking…
VIX Term Structurechecking…
Total Put/Call Ratiochecking…
Equity Put/Call Ratiochecking…
AAII Bulls38.2%
AAII Bears27.6%
Bull-Bear Spread+10.6pp
Asset Pages LIVE WHERE MARKED
A directory of every tracked instrument — the same live prices and bias scores from the Macro Dashboard and ticker, in one browsable index.
Module REFERENCE
This module isn't wired up yet in this preview.

This screen follows the same card system as Macro Dashboard, Banking & Liquidity, Global Central Banks, Financial News, Charts & Correlations, and Educational Insights. Tell me which cards it should show and I'll build it out next in the same style.