2026-07-21 TACO Pressure Index Update: Low at 22.44
The index is designed to approximate how market stress can build pressure for a softer policy posture. On 2026-07-21, the score printed 22.44/100 in the low regime, with front-end rate pressure and volatility doing most of the work.
Daily pressure check for 2026-07-21: the TACO Pressure Index closed at 22.44/100, signaling a low pressure regime as front-end rate pressure and volatility shaped the daily read. Explore the score history, daily post, and the four-factor dashboard.
Pressure history
Composite score history
Trailing 90 sessions through 2026-07-21
Latest component scores
Today’s component breakdown
2Y Treasury rate pressure
46.40/100
Rates pressure reflects both the current 2Y level and any fresh 5-session rise.
VIX volatility pressure
17.43/100
Higher implied volatility usually means greater market stress.
Inflation expectations pressure
16.80/100
Inflation pressure reflects both the breakeven level and any fresh 5-session rise.
S&P 500 equity signal
9.12/100
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.