2026-02-23 TACO Pressure Index Update: Low at 17.25
The index is designed to approximate how market stress can build pressure for a softer policy posture. On 2026-02-23, the score printed 17.25/100 in the low regime, with volatility and inflation expectations doing most of the work.
Fresh macro pressure read for 2026-02-23: the TACO Pressure Index closed at 17.25/100, signaling a low pressure regime as volatility and inflation expectations shaped the daily read. Explore the score history, daily post, and the four-factor dashboard.
Pressure history
Composite score history
Trailing 90 sessions through 2026-02-23
Latest component scores
Today’s component breakdown
VIX volatility pressure
28.96/100
Higher implied volatility usually means greater market stress.
Inflation expectations pressure
24.00/100
Inflation pressure reflects both the breakeven level and any fresh 5-session rise.
2Y Treasury rate pressure
16.27/100
Rates pressure reflects both the current 2Y level and any fresh 5-session rise.
S&P 500 equity signal
-0.23/100
A 5-session drawdown adds pressure. A 5-session rally adds relief and can partially offset the composite score.
Method in one paragraph
The TACO Pressure Index converts four live market inputs into comparable component scores and combines them into one composite reading. The equity leg is symmetric: 5-session drawdowns add pressure, while 5-session rallies add relief and can partially offset the total score. Rates, inflation, and volatility still combine a level component with a 5-session change component before the final result is grouped into LOW, ELEVATED, HIGH, and EXTREME regimes.