OmniMetric Global Macro Signal Index

Name: Global Macro Signal (GMS) Index
Creator: OmniMetric
License: https://creativecommons.org/licenses/by-nc/4.0/

Reverse Repo (RRP) Balance

Balance of excess funds deposited by MMFs and others at the Fed. A buffer of 'standby funds' that can flow back into the market.

RISING / BULLISH

Absorption of liquidity from the market. Neutral to negative for stocks.

FALLING / BEARISH

Release of liquidity to the market. Strong support factor for risk assets (liquidity supply).

How the RRP balance, which plummeted from 2024-2025, moves under the new 2026 regulatory environment determines market tail risk.

High. Essential variable for calculating Net Liquidity. Low balances indicate reduced market resilience.