Over the last 20 days, we have generally seen the S&P index outperform the signals from global assets correlated to risk sentiment. The S&P has outperformed the model by +1.16% cumulatively during the period.
5 Hours ahead of the NY Open, our cross-asset model indicates a +0.03% gain for the S&P (while futures are up +0.07% since prior close). The signal from Global Equities is most bullish (+0.10%), while the signal from FX is least bullish (-0.06%).
Here we take a closer look at the daily returns of major cryptocurrencies and other global assets in terms of their volatility adjusted returns.
2-Year Bond Auction Summary
The 2-Year bond sold today (Oct 26, 2026) by the US Treasury was worth $76.7bn, had a Bid to Cover of 2.59 and a High Yield of 4.708%. Check other auction metrics in the chart below.
The largest move in the last 7 days was: Can. 2s10s. G10 bond yields that had 2 standard deviation moves during the period include: Can. 2s10s, China 10Y, China 10s30s, AU 2s10s, China 5Y
The largest move in the last 24 hours was: Fra. 2s10s. G10 bond yields that had 2 standard deviation moves during the period include: Fra. 2s10s, Italy 2s10s, France 10Y, France 30Y
The largest move in the last 24h was: Soybean. Commodities that had 2 standard deviation moves during the period include: Soybean
USD has broadly strengthened since 5AM this morning, with EUR, CAD, and SEK depreciating the most vs. USD. The MXN was strongest vs. USD with a 0.12% return, while the SEK was weakest vs. USD with a -0.37% return. #Forex
Over the last 20 days, we have generally seen the S&P index outperform the signals from global assets correlated to risk sentiment. The S&P has outperformed the model by +1.65% cumulatively during the period.
2 Hours ahead of the NY Open, our cross-asset model indicates a +0.05% gain for the S&P (while futures are up +0.30% since prior close). The signal from Commodities is most bullish (+0.15%), while the signal from FX is least bullish (-0.04%).
The largest absolute flows over the past 7 days have been in the following ETFs: VOO (5.4B) SPY (-5.1B) TQQQ (2.4B) GLD (-2.3B) QQQ (-2.2B)
Looking at notional #ETF flows to monitor sector rotations within US Equities: currently the sectors experiencing the largest inflows compared to their averages include Investment Grade and High Yield, while outflows are being seen in Gold and Financials.
Over the last 20 days, we have generally seen the S&P index outperform the signals from global assets correlated to risk sentiment. The S&P has outperformed the model by +1.68% cumulatively during the period.
5 Hours ahead of the NY Open, our cross-asset model indicates a +0.05% gain for the S&P (while futures are up +0.34% since prior close). The signal from Commodities is most bullish (+0.18%), while the signal from FX is least bullish (-0.03%).




















