Terms of Use

Educational use only — not investment advice

Market North explains what moves US stocks, gold and silver. Everything on this site is general educational information about how macroeconomic data tends to affect markets.

It is not investment, financial, legal or tax advice, and it is not a recommendation to buy or sell any security or asset. The directional notes on each card describe general tendencies, not predictions — the same data can move markets differently depending on context. You are solely responsible for your own decisions; consult a licensed professional before acting.

Data sources and third-party terms

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

By using this site, you agree to be bound by the FRED® API Terms of Use. Read the full terms →

Data series reached through the FRED® API may be owned by third parties and subject to their own copyright restrictions. Where a series carries a third-party copyright, we do not republish its raw values: for example, market sentiment on this site is shown as our own band (calm / elevated / high stress) rather than the underlying index value. VIX is copyright Chicago Board Options Exchange, Inc., reprinted with permission.

Accuracy and timeliness

Figures are not real-time quotes. Each value is labelled with the date it is current as of. Macroeconomic data is frequently revised after first publication, and upstream sources can be delayed or unavailable — in that case the site may show an older value, marked accordingly, or fall back to sample placeholders.

The site and its content are provided "as is", without warranty of any kind as to accuracy, completeness or availability.

Intellectual property

The written explanations, interpretations, band definitions, design and code of Market North belong to us. The underlying data belongs to its respective producers and owners, and their terms continue to apply to it.

Changes to these terms

These terms may be updated from time to time. Continued use of the site after a change constitutes acceptance of the updated terms.