KO

May 2025 · DAA ConfirmedVGK · EWJ +4Europe 16.7% · Japan 16.7%

Risk-on

0 canary assets negative — 0% cash · GLD ranks first among risky assets

See this month's signal

Why this signal

Period
Currency
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canary assets

VWO+0.04Selected
BND+0.07Positive

risky assets

SPY-0.08Negative
IWM-0.26Negative
QQQ-0.02Negative
VGK+0.29Selected
EWJ+0.23Selected
VWO+0.04Selected
VNQ-0.07Negative
GSG-0.37Negative
GLD+0.55Selected
TLT-0.00Negative
HYG+0.04Selected
LQD+0.03Selected

cash assets

SHY+0.08Positive
IEF+0.11Positive
LQD+0.03Selected

13612W momentum score · Keller & Keuning (2017)

Biggest moves this month

Largest gainBTC-USDBitcoin+0.64#25 → #1 ▲24
Largest dropCL=FWTI Crude Oil-0.97#17 → #39 ▼22