Risk-on
From ACT Wiki
Market conditions - investment - trading.
Risk-on is a broad description of the level of confidence of participants in financial markets.
Under risk-on conditions, participants have relatively higher levels of confidence in economic prospects, and greater risk appetite when making their investment decisions.
Accordingly, they will tend to favour relatively higher-risk (and higher expected return) assets such as equities, and avoid relatively lower-risk assets like government bonds.
