📉 A Short Report

Markets go up. But not every day.

Just one person's opinion from their home library: no investment qualifications, no authority, not authorised by any regulatory body. Market commentary only, not advice or a recommendation. Shorting is high risk (but super fun).

Footsie on the fence

📉 A Short Report · Wed, 14 Oct 2026 · published

Right: by the London open the FTSE had gone sideways from where it was at my call, which I'd put down to the fact that the Fed's Beige Book showed patchy US growth and traders weighed the UK growth figures out just before the open.

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How the morning call did

This morning my call was No trade.

I was right. The market was up a bit.

After the US close

The US 10-year Treasury yield was 5.21% (down 3bp on the day) and the 2-year 4.79% (down 1bp), on 13 Oct 2026. Source: U.S. Department of the Treasury, daily par yield curve rates, 13 Oct 2026

Looking ahead to Asia

Nothing big lands in Asia overnight.

My call

My call for tomorrow's open: No trade. After a strong day in London, nothing in tonight's news clearly points to a lower start, so I'm not shorting the open. How sure: fairly. What would change my mind: clearly worse news from Asia overnight before London opens. This is tomorrow's outlook for the London open; the post makes the official call for the session.