Known gaps

Methodology

Where the model is thin, stated rather than hidden.

• The live record is short. The models went live in 2026. The statistics on Models and History combine backfilled positions with that record, and the counts are small.
• South Africa borrows a US credit spread. There is no daily South African high-yield series, so the SA Fear and Greed dial uses the US one as a proxy, labelled as such.
• Fortress is not scored for banks and insurers. Net debt to EBITDA has no meaning for a balance sheet built on deposits, so the filter reads Not scored and never passes or fails a financial.
• Congress data is late by design. Up to 45 days between a trade and its filing, and amounts are ranges.
• Survivorship in the screener.The universe is today's top 150 in South Africa and top 500 in the US. Companies that dropped out are not in the history.
• Live and historical recession readings can differ for the same month, for the reason set out on the recession diffusion index page.
• Delayed prices on the public JSE page. 15 minutes, and stated on the page.
• No intraday reads, anywhere. Everything is evaluated after the close. If you need something that reacts during the session, this is not it.