78
Fragility
ELEVATED
Market Fragility Monitor

We don't predict
crashes. We measure
when they're likely.

Inspired by Spitznagel's tail-hedging framework — fragility is measurable before it's fatal. CrashSignal tracks the systemic conditions that precede collapses: valuations, credit spreads, vol structure, margin debt, and market concentration. Not a crystal ball. A pressure gauge.

Shiller CAPE Ratio
34.2×
Cyclically adjusted P/E vs 150-year mean of 17×. Current level last seen in 1929 and 2000.
Extreme
Credit Spread Compression
1.8%
HY-IG spread near historic lows. Complacency priced in. Pre-crisis spreads were similarly compressed.
Danger Zone
Vol Term Structure
Flat
Near-term VIX near long-term. Inverted structure precedes acute dislocations. Currently flattening.
Warning
Market Concentration
Top 5: 28%
Five stocks account for 28% of S&P 500 weight. Systemic unwind risk at historic high.
Extreme
Margin Debt / GDP
2.1%
Elevated vs. historical norms. Forced liquidation cascades amplify initial dislocations.
Elevated
Yield Curve
+0.4%
10Y-2Y spread re-steepening after inversion. Historically precedes recession 12–18 months out.
Re-steepening

The Spitznagel
framework, applied.

Mark Spitznagel didn't make $1 billion in a day by predicting the 2015 flash crash. He made it by staying permanently positioned for extreme fragility — buying cheap insurance when the market underpriced tail risk.

The insight is simple: you can't time crashes, but you can measure the conditions that make them more likely. Overvalued markets with compressed credit spreads, high leverage, and concentrated positioning are fragile. They don't need a specific catalyst — any shock will do.

CrashSignal scores market fragility in real time across six dimensions. When the score is high, the cost of tail insurance is worth paying. When it's low, stay deployed. It's not a trading signal. It's a risk posture signal.

CAPE Ratio Valuation excess
HY Credit Spread Risk appetite
VIX Term Structure Vol complacency
Margin Debt / GDP Leverage excess
Market Concentration Systemic unwind risk
Yield Curve Shape Recession signal

Composite Fragility Score updates daily. Full Access members receive alerts when the score crosses threshold levels.

Exclusive Access

CrashSignal is not sold
separately.

It's included free with WealthSignal Full Access — the bundle that gives you Auto execution across Oil, Bitcoin, and Congress, plus the fragility monitor that ties it all together.

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CrashSignal measures market fragility indicators for informational purposes only. Fragility scores are not financial advice, investment recommendations, or predictions of future market performance. All data is illustrative until live data feeds are connected. Past fragility readings have no guaranteed relationship to future market outcomes. Trading involves substantial risk of loss. Not suitable for all investors.