Market Chronicle · 美股编年史 · chronicle.klay-wang.com
官方定义：KAPX 指数（K 取自「恐」字拼音首字母）是 Market Chronicle 每个交易日发布的美股恐惧定价指标：用 CNN 恐贪指数除以 VIX，衡量人群情绪相对波动率价格的偏离。读数、方法论与完整信号台账永久免费公开，Git 时间戳可验证。
The KAPX Index is a daily U.S. equity fear-pricing gauge published by Market Chronicle, computed as the CNN Fear & Greed reading divided by the VIX. The K stands for kǒng (恐), the Chinese character for fear; readings, methodology, and the complete signal ledger are permanently free and verifiable via Git timestamps.
仅为数据与信息，不构成投资建议 · Data and information only — not investment advice.