Completed-session global market intelligence

Global Index
Intelligence.

Constructive with dispersion. 20 of 38 eligible markets hold a positive Trend state, session breadth is 37% and markets are moving with relatively coherent pressure.

Global evidence state Constructive with dispersion Leadership is positive, but selectivity still matters.
Architecture score58/100cross-market alignment
Trend breadth53%20 positive markets
Session breadth37%markets advancing
Cross-market dispersion0.82%leadership separation
SM Global IndexOpen dossier Market universeExplore markets
SM global benchmark

Structure, participation and regime

The return-weighted global benchmark joins price structure with completed-session breadth. Shaded regimes show how alignment changed through time.

Full benchmark dossier
Completed through2 Sep 2026
Latest value1724.40
Session move0.17%
Advancing11
Declining14
Eligible markets38
Executive market read

What matters now

Evidence, not prediction
Direction

Constructive with dispersion

53% of eligible indexes have positive Trend architecture.

Participation

Broad pressure

37% advanced in the latest completed session.

Dispersion

Coherent movement

A 0.82% return spread rewards market and regional selection.

Risk temperature

VIX -6.98%

Volatility pressure did not expand in the latest session.

Participation map

Breadth and pressure through time

Trend breadth shows structural alignment; participation shows the balance between advancing and declining markets.

State distribution

How the tape is distributed

58alignment
Constructive with dispersion

Leadership is positive, but selectivity still matters.

0Strong
12Constructive
9Transition
9Deteriorating
8Defensive
Regional allocation lens

Where leadership is concentrated

Median return, Trend breadth and architecture score show whether regional strength is broad or dependent on a narrow leadership group.

Africa69
Trend
100% Month
5.99% Markets
1
South America61
Trend
0% Month
4.11% Markets
1
Europe51
Trend
56% Month
-0.74% Markets
16
Asia Pacific50
Trend
57% Month
0.99% Markets
14
North America41
Trend
33% Month
-1.64% Markets
6
Leadership

Strongest architecture

1Taiwan Weighted Index
Asia Pacific Score
79 Month
8.21% RS
3.44 2Jakarta Composite
Asia Pacific Score
79 Month
6.69% RS
5.54 3Oslo Bors Benchmark Index
Europe Score
73 Month
4.30% RS
3.59 4PSI 20
Europe Score
71 Month
2.58% RS
0.82 5OMX Helsinki 25
Europe Score
70 Month
2.36% RS
1.14 6BEL 20
Europe Score
70 Month
2.08% RS
0.48 7BIST 100
Europe Score
69 Month
6.10% RS
-0.34 8FTSE/JSE Top 40
Africa Score
69 Month
5.99% RS
3.48
Risk queue

Weakest architecture

1CAC 40
Europe Score
25 Month
-4.45% Drawdown
-5.42% 2PSEi Composite
Asia Pacific Score
27 Month
-0.31% Drawdown
-9.30% 3Shenzhen Component
Asia Pacific Score
27 Month
3.15% Drawdown
-15.28% 4FTSE MIB
Europe Score
28 Month
-3.27% Drawdown
-4.16% 5Russell 2000
North America Score
29 Month
-2.76% Drawdown
-3.80% 6BSE SENSEX
Asia Pacific Score
30 Month
-2.16% Drawdown
-10.70% 7NIFTY 50
Asia Pacific Score
31 Month
-2.90% Drawdown
-8.79% 8EURO STOXX 50
Europe Score
31 Month
-1.92% Drawdown
-3.27%
Cross-market rotation

Momentum versus relative strength

Upper-right markets combine improving returns with positive relative leadership. Lower-left markets carry the greatest repair burden.

Fresh completed-session universe

Every tracked major index

Indexes more than two weeks behind the current dataset are automatically excluded until their feed resumes.

39 markets
FTSE/JSE Top 40
ZA · Africa69 Constructive · through 2 Sep 2026 Session
-0.21% Month
5.99% Drawdown
-11.82% Jakarta Composite
ID · Asia Pacific79 Constructive · through 1 Sep 2026 Session
1.14% Month
6.69% Drawdown
-28.06% Taiwan Weighted Index
TW · Asia Pacific79 Constructive · through 1 Sep 2026 Session
1.78% Month
8.21% Drawdown
-2.63% Shanghai Composite
CN · Asia Pacific66 Constructive · through 1 Sep 2026 Session
-0.16% Month
4.47% Drawdown
-6.55% KOSPI Composite
KR · Asia Pacific65 Constructive · through 1 Sep 2026 Session
0.23% Month
3.64% Drawdown
-27.17% Straits Times Index
SG · Asia Pacific61 Transition · through 1 Sep 2026 Session
-0.78% Month
1.45% Drawdown
-1.11% S&P/NZX 50
NZ · Asia Pacific59 Transition · through 2 Sep 2026 Session
1.04% Month
0.19% Drawdown
-0.99% Nikkei 225
JP · Asia Pacific58 Transition · through 1 Sep 2026 Session
-0.15% Month
2.88% Drawdown
-9.08% S&P/ASX 200
AU · Asia Pacific57 Transition · through 1 Sep 2026 Session
-0.10% Month
0.53% Drawdown
-2.47% Hang Seng Index
HK · Asia Pacific35 Deteriorating · through 1 Sep 2026 Session
-0.93% Month
-2.61% Drawdown
-9.72% FTSE Bursa Malaysia KLCI
MY · Asia Pacific32 Deteriorating · through 1 Sep 2026 Session
-1.47% Month
-1.15% Drawdown
-3.99% NIFTY 50
IN · Asia Pacific31 Defensive · through 1 Sep 2026 Session
-0.10% Month
-2.90% Drawdown
-8.79% BSE SENSEX
IN · Asia Pacific30 Defensive · through 1 Sep 2026 Session
-0.02% Month
-2.16% Drawdown
-10.70% PSEi Composite
PH · Asia Pacific27 Defensive · through 2 Sep 2026 Session
-0.67% Month
-0.31% Drawdown
-9.30% Shenzhen Component
CN · Asia Pacific27 Defensive · through 1 Sep 2026 Session
-1.02% Month
3.15% Drawdown
-15.28% Oslo Bors Benchmark Index
NO · Europe73 Constructive · through 2 Sep 2026 Session
-0.31% Month
4.30% Drawdown
-0.82% PSI 20
PT · Europe71 Constructive · through 2 Sep 2026 Session
-0.77% Month
2.58% Drawdown
-1.52% BEL 20
BE · Europe70 Constructive · through 2 Sep 2026 Session
-0.08% Month
2.08% Drawdown
-1.36% OMX Helsinki 25
FI · Europe70 Constructive · through 2 Sep 2026 Session
-0.38% Month
2.36% Drawdown
-3.22% Austrian Traded Index
AT · Europe69 Constructive · through 2 Sep 2026 Session
-0.04% Month
1.48% Drawdown
-1.31% BIST 100
TR · Europe69 Constructive · through 1 Sep 2026 Session
-0.73% Month
6.10% Drawdown
-6.42% OMX Copenhagen 25
DK · Europe69 Constructive · through 2 Sep 2026 Session
0.58% Month
4.01% Drawdown
-1.86% OMX Stockholm 30
SE · Europe58 Transition · through 2 Sep 2026 Session
-0.63% Month
-2.42% Drawdown
-3.09% DAX
DE · Europe56 Transition · through 2 Sep 2026 Session
-0.50% Month
-1.39% Drawdown
-2.93% FTSE 100
GB · Europe36 Deteriorating · through 2 Sep 2026 Session
-0.30% Month
-0.93% Drawdown
-2.12% AEX Index
NL · Europe33 Deteriorating · through 2 Sep 2026 Session
0.16% Month
-0.79% Drawdown
-1.82% IBEX 35
ES · Europe32 Deteriorating · through 2 Sep 2026 Session
-0.23% Month
-1.22% Drawdown
-2.84% Swiss Market Index
CH · Europe32 Deteriorating · through 2 Sep 2026 Session
0.20% Month
-0.69% Drawdown
-2.09% EURO STOXX 50
EU · Europe31 Defensive · through 2 Sep 2026 Session
-0.11% Month
-1.92% Drawdown
-3.27% FTSE MIB
IT · Europe28 Defensive · through 2 Sep 2026 Session
-0.24% Month
-3.27% Drawdown
-4.16% CAC 40
FR · Europe25 Defensive · through 2 Sep 2026 Session
-0.26% Month
-4.45% Drawdown
-5.42% NASDAQ Composite
US · North America59 Transition · through 2 Sep 2026 Session
0.45% Month
-1.38% Drawdown
-3.58% S&P 500
US · North America58 Transition · through 2 Sep 2026 Session
0.46% Month
-0.90% Drawdown
-1.92% S&P/BMV IPC
MX · North America35 Deteriorating · through 2 Sep 2026 Session
0.57% Month
-2.92% Drawdown
-10.02% Dow Jones Industrial Average
US · North America33 Deteriorating · through 2 Sep 2026 Session
0.56% Month
-1.89% Drawdown
-3.07% S&P/TSX Composite
CA · North America33 Deteriorating · through 2 Sep 2026 Session
0.74% Month
0.81% Drawdown
-2.64% Russell 2000
US · North America29 Defensive · through 2 Sep 2026 Session
1.13% Month
-2.76% Drawdown
-3.80% CBOE Volatility Index
US · North America24 Defensive · through 2 Sep 2026 Session
-6.98% Month
-7.88% Drawdown
-56.94% Bovespa Index
BR · South America61 Transition · through 2 Sep 2026 Session
3.05% Month
4.11% Drawdown
-7.10%

Evidence context