DeMark Diffusion™ - Global Markets - 2025-11-13

Core-Brief

12 Nov 2025 — 1 min read

Global risk tone remains mixed. US large caps lean steady while breadth shifts beneath the surface; Europe balances resilience with select softness. In Asia, leadership stays concentrated with Japan elevated, while China-linked risk gauges remain more tentative. Crypto continues to search for a durable floor, with swings compressing in places and breaking out in others. Across commodities, precious metals act as the defensive anchor, while energy and industrials reflect the growth pulse. In FX, the dollar’s path still sets the tempo for global risk appetite. Use the selector below to explore each asset’s panel.

Global — Short–Long Vol-Adjusted Return Difference — 2025-11-13

This snapshot compares short-term versus long-term performance on a risk-adjusted basis. The metric shows how much the near-term, volatility-adjusted return is deviating from the longer-run trend. Positive readings indicate short-term strength outpacing the long-term profile; negative values suggest the opposite. Assets are ordered by the latest reading; bodies show mean

Global — 3M Rolling Annualized Returns — 2025-11-13

This snapshot tracks 3-month rolling annualized returns across global indices, FX, and commodities. Assets are ordered by the latest reading; bodies show mean ±1σ while wicks span historical min–max. A red diamond marks today, and a hollow yellow dot highlights roughly one week ago. Use the selector to switch

Risk on/off gauge - 11-12-2025

Today’s cross-asset tape skews risk-on: equity futures and oil are carrying the tone while the dollar, Treasurys and gold struggle to attract meaningful sponsorship. The gauge’s one-day read flags a market more interested in adding risk than hiding in classic hedges. The multi-year history tells the more important

Composite Indicator - Z-score Snapshot (11-12-2025)

This snapshot aggregates seven mean-reverted momentum/oscillator signals into a single z-score, then charts each series against its own history (μ, ±1σ, ±2σ) with a side histogram for context. The bar chart ranks the latest composite readings across assets on a fixed −2…+2 scale.

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Global — Short–Long Vol-Adjusted Return Difference — 2025-11-13

Global — 3M Rolling Annualized Returns — 2025-11-13

Risk on/off gauge - 11-12-2025

Composite Indicator - Z-score Snapshot (11-12-2025)