MGLens● As of 6 Nov 2026
MethodologyArchive
The dialVolatilityRatesFXEquitiesCryptoCommoditiesCreditMacro

Which asset class matters most right now — and why.

Each class is scored on how much of the week's market action it took versus its usual share over the past 2 years (1.00× = typical), and ranked hot → quiet, left to right.

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Stress concentration ×4.8Vol risk premium ×7.4volatility2.60×Rates volatility ×4.8Term premium & duration ×7.7rates1.95×Dollar ×4.7FX volatility ×8.2fx1.56×Index performance ×4.4Equity volatility ×7.4equities1.11×Crypto volatility ×4.6crypto0.97×Broad commodities ×9.1commodities0.56×Nov 6, 2026Activity 0.78× · hot → quiet, left to rightasleep this week: credit · macrovolatility2.60×Vol risk premium ×7.4Stress concentration ×4.8rates1.95×Term premium & duration ×7.7Rates volatility ×4.8fx1.56×FX volatility ×8.2 · Dollar ×4.7equities1.11×Equity volatility ×7.4Index performance ×4.4crypto0.97×Crypto volatility ×4.6commodities0.56×Broad commodities ×9.1creditasleepmacroasleep
in the spotlightwarmquieton this week's board

Volatility · 2.60×

full volatility view →#1
Most of the day's movement came from volatility. S&P realized vol moved from +11.5% to +19.1%, 7.4 times its normal pace. The MOVE/VIX ratio went from 5.16 to 3.62. Two of its four groups moved at once.
Vol risk premium
Yahoo Financeunavailable
Stress concentration
Cboeunavailable

Rates · 1.95×

full rates view →#2
Rates moved on several fronts. The 1-3y Treasury ETF realized vol moved from +1.3% to +1.9%, its biggest move since February 2026. The MOVE/VIX ratio went from 5.16 to 3.62.
Term premium & duration
FREDunavailable
Rates volatility
Cboeunavailable

FX · 1.56×

full fx view →#3
A relationship is shifting in FX. Aussie-S&P co-movement went from -0.08 to -0.21, 4.7 times its normal pace. Aussie-dollar realized vol moved from +5.8% to +9.2%.
Dollar
Yahoo Financeunavailable
FX volatility
Yahoo Financeunavailable

Equities · 1.11×

full equities view →#4
Equities moved on several fronts. S&P realized vol moved from +11.5% to +19.1%, 7.4 times its normal pace.
Equity volatility
Yahoo Financeunavailable
Index performance
Yahoo Financeunavailable

Crypto · 0.97×

full crypto view →#5
A busy day in crypto. Ethereum realized vol moved from +33.0% to +44.6%, 4.6 times its normal pace.
Crypto volatility
Yahoo Financeunavailable
Cross-asset linkage
Yahoo Financeunavailable

Commodities · 0.56×

full commodities view →#6
Commodities moved on several fronts. The broad commodity ETF realized vol moved from +11.4% to +19.5%, its biggest move since February 2026.
Broad commodities
Yahoo Financeunavailable
Agriculture
Yahoo Financeunavailable
7creditasleep — No news in credit.full credit view →
8macroasleep — Macro was quiet. Nothing moved beyond its normal range. The nearest mover was the dollar, from -0.1% to +0.7%.full macro view →

Descriptive research, not investment advice