Desk notes

Three briefings a session — Asia open, NY pre-market, NY close — written from the same dealer-positioning data the terminal runs on. 122 notes and counting.

• Futures firm into September NFP as SPY, QQQ press toward records on light vol NY Pre-Market Brief · Friday, October 2, 2026
• Chip-led Asia rip, weak yen, green US futures into ISM and tomorrow's payrolls Asia Opening Brief · Thursday, October 1, 2026
• Yields spike to 24-year highs then fade; stocks claw back as Micron pops, Nike slips NY Close Recap · Thursday, October 1, 2026
• Futures bid on Micron/AI redux as the 10-year near 5.3% keeps the rally leashed NY Pre-Market Brief · Thursday, October 1, 2026
• Asia splits on quarter-end: Nikkei rips, China/Korea nurse worst quarterly losses in years Asia Opening Brief · Wednesday, September 30, 2026
• Soft PCE rally erased as 10-yr yield hits a 24-year high; S&P closes red on ugly breadth. NY Close Recap · Wednesday, September 30, 2026
• Futures flat into core PCE as 30Y yields hit 24-yr highs; shutdown deadline hits at midnight NY Pre-Market Brief · Wednesday, September 30, 2026
• Asia diverges hard as oil/yield spike overwhelms KOSPI's rip; US leans cautious into PCE Asia Opening Brief · Tuesday, September 29, 2026
• Stocks slip a third day as 30-year yield hits highest since 2002; PCE, Micron loom NY Close Recap · Tuesday, September 29, 2026
• Nasdaq bid, Dow offered as 19-year yield highs and Iran headlines split the tape NY Pre-Market Brief · Tuesday, September 29, 2026
• Asia slides on Hormuz stalemate; 10Y at 19-yr high keeps dollar bid into US open Asia Opening Brief · Monday, September 28, 2026
• Stocks slide as oil spikes and 10-year yields hit 19-year highs on Iran standoff NY Close Recap · Monday, September 28, 2026
• Futures fade as Trump spurns Iran's Hormuz deal, oil and yields jump into data week NY Pre-Market Brief · Monday, September 28, 2026
• Trump-Xi relief and a firmer yen lift Asia into Wednesday's core PCE test Asia Opening Brief · Sunday, September 27, 2026
• S&P closes at 7,650 on triple-witching churn as hawkish Fed and 5% yields cap upside NY Close Recap · Friday, September 18, 2026
• Futures grind higher into quad-witching as 10Y flirts with 5% post hawkish Fed hike NY Pre-Market Brief · Friday, September 18, 2026
• Fed hikes, market shrugs: Asia rips on yen weakness and chip bid, US futures follow through Asia Opening Brief · Thursday, September 17, 2026
• Relief rally erases Fed-hike selloff as oil cracks and chips roar; VIX crushed under 16 NY Close Recap · Thursday, September 17, 2026
• Futures rebound off hawkish hike; SPX bounces from a 7,551 close as 10Y sits at 5% NY Pre-Market Brief · Thursday, September 17, 2026
• Asia bounces into FOMC day as a priced-in Fed hike collides with 5% yields and $100 oil Asia Opening Brief · Wednesday, September 16, 2026
• Fed hikes 25bp to 3.75-4.00%, hawkish dot plot hits banks hard; Nasdaq holds flat NY Close Recap · Wednesday, September 16, 2026
• Fed hike day: futures firm near flat into a fully-priced 25bp move as 10Y sits at 5% NY Pre-Market Brief · Wednesday, September 16, 2026
• Asia mixed as yen firms into FOMC week; Nikkei fades, CSI 300 grinds higher on stimulus hopes Asia Opening Brief · Tuesday, September 15, 2026
• Stocks slide into FOMC as 10Y yields hit 2007 highs and oil rips on Iran escalation NY Close Recap · Tuesday, September 15, 2026
• Oil shock pins tape into FOMC day one; hike odds near coin-flip for Wednesday NY Pre-Market Brief · Tuesday, September 15, 2026
• Asia sinks on Hormuz oil shock and hike bets; US futures claw back overnight losses Asia Opening Brief · Monday, September 14, 2026
• Oil spike and AI-slowdown chatter hit semis; SPX slips into FOMC week, holding above flip NY Close Recap · Monday, September 14, 2026
• Oil spike, AI selloff, and 85% Fed hike odds pressure futures before FOMC NY Pre-Market Brief · Monday, September 14, 2026
• Asia opens soft as AI-IPO jitters and oil overshadow Friday's bounce into Fed hike week Asia Opening Brief · Sunday, September 13, 2026
• Stocks snap 4-day slide as oil retreats and cooler yields offset a hot core CPI into FOMC week NY Close Recap · Friday, September 11, 2026
• Futures bounce off a 4-day slide as oil eases, but 8:30 ET CPI decides the Fed-hike bet NY Pre-Market Brief · Friday, September 11, 2026
• Yen surge and rising yields drag Asia lower; US futures flat into PPI Asia Opening Brief · Thursday, September 10, 2026
• Stocks fall for a fourth day as crude tops $100 and yields hit decade highs before CPI. NY Close Recap · Thursday, September 10, 2026
• Futures stall at the gamma flip as PPI, oil, and 4.85% yields fight for control NY Pre-Market Brief · Thursday, September 10, 2026
• Asia chip rally meets firming yen and soft Wall St close ahead of PPI/CPI Asia Opening Brief · Wednesday, September 9, 2026
• Oil near $100 and hawkish Fed bets drag stocks to a third straight loss NY Close Recap · Wednesday, September 9, 2026
• Iran strikes jolt oil and yields; futures fade into CPI/PPI with a hawkish Fed repricing NY Pre-Market Brief · Wednesday, September 9, 2026
• Asia chips rip on AI optimism and BOJ hike bets; oil spike keeps Wall St pinned into CPI week Asia Opening Brief · Tuesday, September 8, 2026
• Oil spike and healthcare rout drag Dow -628pts; semis/energy hold the tape into CPI week NY Close Recap · Tuesday, September 8, 2026
• Oil-driven Dow selloff vs. sticky Nasdaq strength as CPI week kicks off with a geopolitical scare NY Pre-Market Brief · Tuesday, September 8, 2026
• Asia's chip rally meets a US holiday lull, Iran-driven oil risk and a loaded CPI/FOMC week ahead Asia Opening Brief · Monday, September 7, 2026
• Payroll beat lifts yields, Iran tanker strikes spike oil into a loaded Tuesday reopen. NY Close Recap · Monday, September 7, 2026
• Labor Day calm, hawkish tape: hot jobs data and Mideast oil shock prime tense Tuesday. NY Pre-Market Brief · Monday, September 7, 2026
• Asia firms as Fed-hike bets fade; yen bid on BOJ hike talk ahead of holiday-thin US Monday Asia Opening Brief · Sunday, September 6, 2026
• Hot payrolls jolt the tape: stocks slip as Fed hike odds jump to a coinflip NY Close Recap · Friday, September 4, 2026
• NFP at 8:30 is the whole game: hike odds swing, SPY/QQQ near highs, VIX still asleep NY Pre-Market Brief · Friday, September 4, 2026
• Asia mixed as KOSPI rips on chips, yen firms on BOJ talk; US eyes ISM, NFP looms Asia Opening Brief · Thursday, September 3, 2026
• Stocks rally three straight days as yields ease; Friday's NFP now decides hike odds, not cuts NY Close Recap · Thursday, September 3, 2026
• Futures chop flat into open as oil-driven yields and Iran risk offset a tech bid ahead of NFP NY Pre-Market Brief · Thursday, September 3, 2026
• KOSPI crushed, yen bid on BOJ hawk talk; futures stabilize into ADP and Broadcom Asia Opening Brief · Wednesday, September 2, 2026
• Stocks snap a three-day skid as yields pause near cycle highs; Dell and Nvidia lead a broad, cyclical-led bounce. NY Close Recap · Wednesday, September 2, 2026
• Hormuz strikes and hawkish Fed repricing keep stocks pinned lower into the open. NY Pre-Market Brief · Wednesday, September 2, 2026
• Oil-driven Mideast risk hits Asia, lifts yields and Fed hike odds into US ISM day Asia Opening Brief · Tuesday, September 1, 2026
• Tape sells off as Iran tanker strikes spike oil and yields, hawkish Fed repricing caps every bounce NY Close Recap · Tuesday, September 1, 2026
• Iran strikes and a hawkish Fed jolt a market barely off record highs into ISM/JOLTS NY Pre-Market Brief · Tuesday, September 1, 2026
• Asia mixed into month-end; yen holds bid, PBOC line steady, US eyes ISM and holiday-thinned tape Asia Opening Brief · Monday, August 31, 2026
• Iran strikes reignite oil, S&P closes -0.33% at 7,686 as breadth caves into ISM/NFP week NY Close Recap · Monday, August 31, 2026
• Oil spikes on Mideast strikes, hawkish Warsh keeps Sept hike bets alive — futures soft into month-end NY Pre-Market Brief · Monday, August 31, 2026
• Asia risk-off: Nikkei sheds 2.5% on JGB yield spike, KOSPI gives back gains, chip rout spills over Asia Opening Brief · Tuesday, August 18, 2026
• Chip-led selloff drags Nasdaq below support as yields spike, oil jumps on Iran risk NY Close Recap · Tuesday, August 18, 2026
• Oil and yields spike as Iran ceasefire collapses, dragging futures off record highs NY Pre-Market Brief · Tuesday, August 18, 2026
• Asia grinds higher on chips and a steadier yen; US drifts into a narrow AI-led pre-market Asia Opening Brief · Monday, August 17, 2026
• Oil spike and Iran jitters knock S&P off record highs, close weak on rising yields NY Close Recap · Monday, August 17, 2026
• Stocks stall just off records as AI bid meets FOMC minutes and a retail-earnings gauntlet NY Pre-Market Brief · Monday, August 17, 2026
• Nikkei, Kospi extend AI highs; Hang Seng lags, dollar firm into thin US Monday calendar Asia Opening Brief · Sunday, August 16, 2026
• S&P sets a record then fades on soft retail sales/sentiment; energy leads as chips slump NY Close Recap · Friday, August 14, 2026
• Records intact, but a 4.69% 10-year and rising Mideast risk premium test the open NY Pre-Market Brief · Friday, August 14, 2026
• KOSPI melts up 3.6% on chip-stake report, Nikkei follows; yen pinned near 159.50 into US PPI Asia Opening Brief · Thursday, August 13, 2026
• S&P clears 7,800 to a record on cooling PPI and broad breadth, but Dow and select AI names lag NY Close Recap · Thursday, August 13, 2026
• Records into PPI: vol near cycle lows, futures mixed, megacap tech cools after Cisco miss NY Pre-Market Brief · Thursday, August 13, 2026
• Kospi jumps 2.4% as yen sags past 159; in-line CPI clears runway for tech-led US gains Asia Opening Brief · Wednesday, August 12, 2026
• SPX closes near record on tame CPI and AI earnings beats; pinned under the 7800 call wall NY Close Recap · Wednesday, August 12, 2026
• In-line CPI cools hike fears; AI-led tape grinds to fresh highs with vol pinned near cycle lows NY Pre-Market Brief · Wednesday, August 12, 2026
• Asia rips higher on cooler China CPI and soft US jobs; yen breaks 159 into US CPI week. Asia Opening Brief · Tuesday, August 11, 2026
• Stocks slip into CPI as Iran keeps Hormuz shut and crude tops $83, Alphabet drags tech NY Close Recap · Tuesday, August 11, 2026
• Futures hover near record highs into CPI as soft jobs offset Hormuz-driven oil spike NY Pre-Market Brief · Tuesday, August 11, 2026
• Asia rallies on soft-jobs relief; Nikkei +2%, Kosdaq +7%; CPI Tuesday is the real test Asia Opening Brief · Monday, August 10, 2026
• Stocks stall just under record highs as oil spikes 5% on stalled Hormuz talks; CPI looms NY Close Recap · Monday, August 10, 2026
• Futures hug record highs into CPI week as soft jobs data cements a dovish Fed path, but Hormuz risk premium builds in crude. NY Pre-Market Brief · Monday, August 10, 2026
• Asia drifts on Hormuz oil risk and KOSPI whipsaws; quiet Monday primes CPI week Asia Opening Brief · Sunday, August 9, 2026
• Asia rides Wall Street's record breakout into a tech-earnings gauntlet stateside Asia Opening Brief · Tuesday, August 4, 2026
• S&P 500 and Dow close at records as Palantir rips 29%, oil slide eases inflation fear NY Close Recap · Tuesday, August 4, 2026
• NY Pre-Market Brief NY Pre-Market Brief · Tuesday, August 4, 2026
• Wall St rips on Iran de-escalation and crude collapse; yen intervention and Korea vol complicate the Asia handoff Asia Opening Brief · Monday, August 3, 2026
• S&P 500 closes above 7,600 for the first time as tech and oil relief power a broad risk-on tape NY Close Recap · Monday, August 3, 2026
• Futures rip on Iran stand-down as oil craters, but rally is rotational into jobs week NY Pre-Market Brief · Monday, August 3, 2026
• Yen shock revives carry-unwind fear as Asia opens mixed into Friday's US jobs report Asia Opening Brief · Sunday, August 2, 2026
• Amazon's blowout offsets Apple's stumble as S&P closes 7,489, pinned under the 7,500 gamma wall NY Close Recap · Friday, July 31, 2026
• Amazon soars, Apple craters, yields spike—mega-cap earnings whipsaw stocks into month-end NY Pre-Market Brief · Friday, July 31, 2026
• Asia Opening Brief Asia Opening Brief · Thursday, July 30, 2026
• Tech-led rip erases Fed-hold rout as SPX +1.7%, Nasdaq snaps six-day skid on MSFT NY Close Recap · Thursday, July 30, 2026
• MSFT-led tech bounce fights hawkish Fed hangover as 30Y hits 5.2% into GDP/PCE NY Pre-Market Brief · Thursday, July 30, 2026
• Asia semis capitulate into FOMC day; Kospi -8%, Nikkei quake-hit, yen at 4-decade lows Asia Opening Brief · Wednesday, July 29, 2026
• Hawkish hold sinks stocks as 30Y yields hit '07 highs; Meta craters, MSFT pops after hours NY Close Recap · Wednesday, July 29, 2026
• Fed day meets Mideast oil shock: stocks tread water into Warsh's first hold NY Pre-Market Brief · Wednesday, July 29, 2026
• KOSPI craters 10% on chip-bubble fears; Wall St splits into AI unwind, value bid ahead of FOMC Asia Opening Brief · Tuesday, July 28, 2026
• Dow rallies on earnings, chips slammed again; FOMC and MSFT/META headline Wednesday NY Close Recap · Tuesday, July 28, 2026
• Markets grind at record highs into FOMC day one, dealers pinning tape ahead of mega-cap earnings wall NY Pre-Market Brief · Tuesday, July 28, 2026
• Asia chip melt-up meets oil spike and yen intervention risk ahead of blowout claims Asia Opening Brief · Thursday, July 23, 2026
• Alphabet's capex shock and Tesla's earnings miss triggered a broad megacap flush as oil ripped through $100. NY Close Recap · Thursday, July 23, 2026
• Futures fade as TSLA/GOOGL capex shock, oil-driven yields and Iran risk weigh into open NY Pre-Market Brief · Thursday, July 23, 2026
• Futures fade Tuesday's AI rip as oil spikes on Iran strikes into GOOGL/TSLA earnings NY Pre-Market Brief · Wednesday, July 22, 2026
• Asia melts up on chip rebound and cooler oil; US futures follow chips higher into earnings. Asia Opening Brief · Tuesday, July 21, 2026
• Futures rip as VIX craters and oil eases on Iran ceasefire chatter; tech leads NY Pre-Market Brief · Tuesday, July 21, 2026
• Futures grind higher on an oversold semis bounce; Iran and AI-capex fears cap the upside NY Pre-Market Brief · Monday, July 20, 2026
• Asia risk-off on chip fallout, firm oil, weak yen; earnings, not the Fed, drive the week Asia Opening Brief · Sunday, July 19, 2026
• SOX confirms bear market as Iran strikes escalate; SPX holds near 7,420 support NY Close Recap · Friday, July 17, 2026
• Chip rout deepens and Iran risk lifts VIX — SPY fights to hold 740 into the open NY Pre-Market Brief · Friday, July 17, 2026
• Semis rout runs the tape: TSMC capex shock and Korea memory carnage steer US open risk-off Asia Opening Brief · Thursday, July 16, 2026
• Rotation tape: semis dumped, small caps and cyclicals bid into OPEX and Netflix NY Close Recap · Thursday, July 16, 2026
• Soft CPI lifts S&P to a record; flat futures and OpEx pin the tape into data NY Pre-Market Brief · Thursday, July 16, 2026
• Asia chip squeeze rips after soft US CPI; KOSPI +6%, Nikkei +1.5% into TSMC Asia Opening Brief · Wednesday, July 15, 2026
• Soft PPI lifts S&P to a fresh record as Apple pops, but memory chips crater 7% NY Close Recap · Wednesday, July 15, 2026
• Cool CPI lifts futures, but hot PPI and Warsh testimony threaten the relief rally NY Pre-Market Brief · Wednesday, July 15, 2026
• Cool CPI and an Asia chip rebound tee up a risk-on US open; Hormuz oil the hedge Asia Opening Brief · Tuesday, July 14, 2026
• Cooler CPI lifts stocks to fresh highs; energy leads as IBM warning caps the Dow NY Close Recap · Tuesday, July 14, 2026
• Soft June CPI meets Warsh's hawkish debut and big-bank earnings — cross-currents rule NY Pre-Market Brief · Tuesday, July 14, 2026
• Oil spikes, semis crater on US-Iran escalation; banks kick off Q2 earnings tomorrow NY Close Recap · Monday, July 13, 2026
• Iran strikes and Hormuz threat sink futures risk-off ahead of Tuesday CPI NY Pre-Market Brief · Monday, July 13, 2026
• Seoul circuit-breaks as US-Iran oil shock craters chips — risk-off into the US open Asia Opening Brief · Monday, July 13, 2026
• AI leadership carries indices to fresh highs, but rising yields set up a CPI-week test NY Close Recap · Sunday, July 12, 2026
• Long-gamma tape pins SPY near record highs; Monday drifts ahead of Tuesday CPI NY Pre-Market Brief · Sunday, July 12, 2026