Money Temperature · Risk-on rally — 1 heating / 3 cooling
Regime read: Risk-on rally (moderate). Largest swing: De-dollarization -29.00 (cooling).
Money Temperature 4-metric read for July 21, 2026. Regime: Risk-on rally.
Heating (1): Risk vs Haven.
Cooling (3): De-dollarization, Duration Rotation, Tech Premium.
Full reading: · De-dollarization — -29.00 (cooling) — >0 = dollar weakness · Duration Rotation — -29.00 (cooling) — >0 = flight to quality · Risk vs Haven — +24.00 (heating) — >0 = risk-on, <0 = haven bid · Tech Premium — -13.00 (cooling) — >0 = AI premium, <0 = rotation out
→ closelook.net/lab/temperature/