Stage TwoSeparation75 of 100SeasonsNeutralno dominant seasonStressLowcaps risk at 100%ThrottlePositivesizes at 85%
Stage Two as of 2026-10 · Seasons as of 2026-10-28 · Stress as of 2026-10-26 · retrieved 2026-10-28
Collectibles
Graded cards, NFTs, and AI collectibles.
This week's table · Oct 24, 2026
| Asset class | Stage | 3-yr run | Timing | Change | As of |
|---|---|---|---|---|---|
| Cards · descriptive VCP index $443M Sep, +124% y/y | Normal no sign of excess | +28% at its high | Add +14% vs 40w +15% vs S&P 12m | new | n/a |
| NFTs and digital art · descriptive Punks floor $73.1K, +22% in 13w | Post-peak | +11% 68% below high | Reduce -22% vs 200d -63% vs S&P 12m | new | n/a |