Morning Brief

Morning Brief

Cross-asset moves for the US open, checked before they're shown. When the data is stale, frozen, implausible or disagrees with a second source, the page says so.

Last updated: Wed Nov 04, 4:03 PM ET, after the US open

Archived brief for Wed Nov 04, 2026. See the latest brief → All past briefs
All data checks passed.

129 checks · 21 instruments · 8 cross-checked against FRED or the ECB · 13 single source

Most unusual move: VIX −19.59%, 3.1σ against its own recent volatility. Nothing reaches the 4σ WARN line.

S&P 500 futures
7719.00
+1.61%
US 10Y yield
4.894
-5.8 bp
Dollar index
101.5130
-0.35%
WTI crude
88.70
-7.69%
Gold
4068.90
+3.26%
VIX
16.75
-19.59%

Equities

InstrumentLastChangeFlagCross-check20d trendFrom → toBasisSource
S&P 500 futures7719.00+1.61% single sourceTue 11-03 → Wed 11-04liveYahoo
Nasdaq 100 futures28542.50+0.84% single sourceTue 11-03 → Wed 11-04liveYahoo
Russell 2000 futures2865.90+1.45% single sourceTue 11-03 → Wed 11-04liveYahoo
Euro Stoxx 506265.71+1.97% single sourceTue 11-03 → Wed 11-04last sessionYahoo
Nikkei 22563081.86-0.33% single sourceFri 10-30 → Mon 11-02last sessionYahoo
Hang Seng23525.97+0.57% single sourceMon 11-02 → Tue 11-03last sessionYahoo
VIX16.75-19.59% ✓ FRED 20.83 (Tue 11-03)Tue 11-03 → Wed 11-04liveYahoo

Rates

InstrumentLastChangeFlagCross-check20d trendFrom → toBasisSource
US 3M T-bill rate4.025+0.0 bp ✓ FRED 4.030 (Mon 11-02)Tue 11-03 → Wed 11-04prior US sessionYahoo
US 5Y yield4.689-5.4 bp ✓ FRED 4.700 (Mon 11-02)Tue 11-03 → Wed 11-04prior US sessionYahoo
US 10Y yield4.894-5.8 bp ✓ FRED 4.910 (Mon 11-02)Tue 11-03 → Wed 11-04prior US sessionYahoo

FX

InstrumentLastChangeFlagCross-check20d trendFrom → toBasisSource
Dollar index101.5130-0.35% single sourceTue 11-03 → Wed 11-04liveYahoo
EUR/USD1.1233+0.37% ✓ ECB 1.1267 (Wed 11-04)Tue 11-03 → Wed 11-04liveYahoo
USD/JPY158.4560+0.34% ✓ FRED 157.4700 (Fri 10-30)Tue 11-03 → Wed 11-04liveYahoo
GBP/USD1.3472+0.46% ✓ FRED 1.3398 (Fri 10-30)Tue 11-03 → Wed 11-04liveYahoo

Commodities

InstrumentLastChangeFlagCross-check20d trendFrom → toBasisSource
WTI crude88.70-7.69% ✓ FRED 99.64 (Tue 11-03)Tue 11-03 → Wed 11-04liveYahoo
Natural gas2.95+1.93% single sourceTue 11-03 → Wed 11-04liveYahoo
Gold4068.90+3.26% single sourceTue 11-03 → Wed 11-04liveYahoo
Copper6.41+0.45% single sourceTue 11-03 → Wed 11-04liveYahoo
Corn445.75+0.73% single sourceTue 11-03 → Wed 11-04last sessionYahoo
Wheat599.25-0.08% single sourceTue 11-03 → Wed 11-04last sessionYahoo
Soybeans1203.75+0.06% single sourceTue 11-03 → Wed 11-04last sessionYahoo

Each change compares a ticker's last two rows, so periods differ by market. live = that session was still open when fetched; it is not a real-time price.

13 of 21 instruments are single source: passing checks means they look plausible, not that a second source agrees.

How unusual was this brief?

As a table
InstrumentMoveσ
VIX−19.59%3.1
Gold+3.26%3.1
WTI crude−7.69%2.7
S&P 500 futures+1.61%2.5
Euro Stoxx 50+1.97%2.5
Russell 2000 futures+1.45%2.1
EUR/USD+0.37%2.0
GBP/USD+0.46%1.6
US 5Y yield−5.4 bp1.4
Dollar index−0.35%1.4
US 10Y yield−5.8 bp1.4
USD/JPY+0.34%1.3
Nasdaq 100 futures+0.84%0.8
Corn+0.73%0.8
Natural gas+1.93%0.7
Hang Seng+0.57%0.6
Copper+0.45%0.5
Nikkei 225−0.33%0.2
Soybeans+0.06%0.1
Wheat−0.08%0.0
US 3M T-bill rate+0.0 bp0.0

Each move is measured against that instrument's own recent volatility, using the sanity check's number. WARN at 4σ, FAIL at 10σ. Moves cover different periods by market; see the tables above.

Copy this brief's note: plain text for chat or email, with the same numbers and caveats as this page
Morning Brief, data as of Wed Nov 04, 4:03 PM ET, after the US open
Data checks: All data checks passed. (129 checks; 8 of 21 instruments cross-checked)

Biggest moves against their own volatility (WARN at 4σ):
  VIX −19.59% (3.1σ)
  Gold +3.26% (3.1σ)
  WTI crude −7.69% (2.7σ)
  S&P 500 futures +1.61% (2.5σ)
  Euro Stoxx 50 +1.97% (2.5σ)

US rates: 3M T-bill rate 4.025 (+0.0 bp), 5Y yield 4.689 (-5.4 bp), 10Y yield 4.894 (-5.8 bp)

Scheduled today:
  8:30 AM ET U.S. International Trade in Goods and Services, September 2026 (Census)
  Not covered: BLS (CPI, jobs). Check bls.gov.

Changes cover different periods by market; 'live' means the session was open when fetched, not a real-time price. Free public data, not production market data. https://kechunwu.github.io/morning-brief/

What's scheduled for Wed Nov 04, 2026

Next 5 business days (8 events)

Thu Nov 05, 2026

  • 11:30 AM ET 4-Week Bill auction (Treasury)
  • 11:30 AM ET 8-Week Bill auction (Treasury)

Fri Nov 06, 2026

No events listed.

Mon Nov 09, 2026

  • 10:00 AM ET Monthly Wholesale Trade: Sales and Inventories, September 2026 (Census)
  • 1:00 PM ET 3-Year Note auction (Treasury)
  • time not published 13-Week Bill auction (Treasury)
  • time not published 26-Week Bill auction (Treasury)
  • time not published 6-Week Bill auction (Treasury)

Tue Nov 10, 2026

  • 1:00 PM ET 10-Year Note auction (Treasury)

Wed Nov 11, 2026

No events listed.

Times are New York time, as published. Covers BEA, Census, FOMC, ECB, Treasury. Not covered: BLS, including CPI and jobs reports, because its site refuses automated requests. Check its schedule directly.

Overnight news

AI-generated from the headlines below (claude-haiku-5-5). Check sources before acting.

All headlines (2)
How the data checks work
  • Completeness: every instrument arrived with enough history and no bad values.
  • Freshness: the latest row is from the session we expect.
  • Gaps: no business days are missing from recent history.
  • Sanity: today's move is plausible for that instrument, and the price isn't frozen.
  • Reconciliation: two sources for the same series agree.

This page is rebuilt by GitHub Actions after each weekday pre-open refresh. A machine-readable copy of the latest brief is at latest.json.