Rule applied: Risk-Off (scores × 0.65) needs two risk signals: VIX above 30, 10Y yield up more than 100 bps over 20 sessions, NASDAQ more than 5 percentage points behind the S&P 500 over its last 20 closes. Neutral (× 0.85) needs one risk signal or two neutral ones: VIX above 20, yield up more than 50 bps, NASDAQ more than 2 percentage points behind. Otherwise Risk-On (× 1.00). A missing signal doesn't vote.
VIX
18.4
Low fear
10Y YIELD CHANGE
-25.4
bps · falling
NASDAQ VS S&P
-2.4%
Tech lagging
SUB-LAYERS SCORED
5
12 tickers
Data center infrastructure — signal scores
Hot / bottleneckEmergingNeutral / healthyCooling
▲ ▼ — revenue growth speeding up / slowing / steady · 30d = share price change over 30 days
Data: close of Mon Oct 26 · fetched 17:25 UTC · Quarterly financials may be up to 90 days old
About this dashboard
A signal dashboard tracking the data center infrastructure buildout — cooling, networking, optical, compute assembly, and colocation — identifying which part of the buildout is currently the most constrained.
🔴 Hot / Bottleneck
Current dominant constraint. Supply cannot meet demand.
🟠 Emerging
Building momentum toward a bottleneck, or price ahead of fundamentals.
Quarterly financials may be up to 90 days old · Not financial advice · Always do your own research
Signal heat trail
How to read this dashboardmethodology
▾
What the colors mean
Red — current bottleneck
All three signal categories agree. This sub-layer is the dominant constraint right now.
Orange — emerging or hype warning
Building momentum toward a bottleneck, or price action is outrunning the fundamentals.
Green — neutral / healthy
Stable activity, no constraint pressure.
Blue — cooling
Previously hot sub-layer, constraint easing.
Note on Cooling: this sub-layer is currently a single ticker (VRT). Its score is
that company's own score directly — market-cap weighting degenerates correctly to N=1, and the
Red reality check (which needs 2+ companies) does not apply here.
Note on the capex strip above: hyperscaler capex direction is a display overlay
only — it does not feed into any sub-layer's score or weighting.
Three signal categories
F
Fundamentals
Revenue growth acceleration Gross margin expansion Pricing power trend
C
Constraint signal
News narrative velocity Capital expenditure trends Supply/demand pressure
S
Smart money
Volume-price confirmation Analyst upgrade clusters Short interest direction
Fundamental override: if revenue growth is decelerating, a sub-layer cannot be Red regardless of price momentum.
Signal weights and exact scoring logic are proprietary. This summary describes methodology categories only. Not financial advice.