See the macro regime changing before consensus catches up. Independent macro intelligence for global risk takers. https://xitter.cf/t.co/M5m2UueUZv

New York, NY
Joined October 2016
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.
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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%).
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The biggest movers in global FX overnight, based on volatility adjusted returns were #TWDCNH, #USDTWD, #EURNZD, #EURNOK, & #EURAUD. For USD crosses, 16 out of 28 had positive returns. For EUR crosses, 1 out of 13 had positive returns. #Forex
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Here we take a closer look at the daily returns of major cryptocurrencies and other global assets in terms of their volatility adjusted returns.
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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.
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1,046
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
910
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
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921
Here we compare #Bitcoin's performance during Asian, European and American trading periods. Today $BTC returned 0.13% in Asia, and 0.68% in Europe. Yesterday BTC returned 0.0% in the American session.
985
The largest move in the last 24h was: Soybean. Commodities that had 2 standard deviation moves during the period include: Soybean
955
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
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940
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.
807
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%).
723
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)
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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.
946
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.
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1,028
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%).
967
The biggest movers in global FX overnight, based on volatility adjusted returns were #EURGBP, #USDPHP, #USDCAD, #USDIDR, & #USDNOK. For USD crosses, 22 out of 28 had positive returns. For EUR crosses, 13 out of 13 had positive returns. #Forex
961
Here we compare #Bitcoin's performance during Asian, European and American trading periods. Today $BTC returned -0.39% in Asia, and 0.01% in Europe. Yesterday BTC returned 1.18% in the American session.
1,023
Here we compare #Bitcoin's performance during Asian, European and American trading periods. Today $BTC returned -0.45% in Asia, and -0.63% in Europe. Yesterday BTC returned -1.46% in the American session.
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1,361
The largest move in the last 7 days was: Hang Seng. Among the major cryptocurrencies and global assets those that had 2 standard deviation moves in the last 7 days include: Hang Seng, Gold
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1,260