Fear and Greed Index vs Market Breadth
Market breadth counts how many stocks are rising versus falling; the Fear and Greed Index synthesises
sentiment.
Market Breadth
Stocks · participation
narrow
broad
How many stocks are rising.
Fear and Greed Index
Whole market · sentiment
Fear
Greed
Reads the crowd’s mood across a whole
market.
The key difference: breadth counts participation; the index reads emotion.
Source: CFGI
Markets