Generally, the market will either be in a risk-on or a risk-off environment.
During uncertain times, the market is considered to be in a risk-off mode where investors prefer to park their money on lower risk investments.
During recovery or bullish times, the market is considered to be in a risk-on mode where investors are willing to park their money on higher risk investments.
Practical Exercise
1) Using the market risk indicator, identify what is the current market risk environment.
2) List down what are the financial instruments to take note, and the likely impact on them.
3) Post your exercise on the comment section in the thread.