Weekly Market Pulse: April 7-11, 2026
Week in Review
Markets digested a hawkish set of Fed minutes that revealed three FOMC members dissented in favor of holding rates steady. The S&P 500 gave back 1.2% on the news before recovering into Friday's close.
Weekly Scorecard
| Index | Close | Week | MTD |
|---|---|---|---|
| S&P 500 | 5,842 | -0.3% | +1.1% |
| Nasdaq | 18,291 | -0.8% | +0.7% |
| 10Y Yield | 4.18% | +8bps | +12bps |
| EUR/USD | 1.1142 | +0.6% | +0.9% |
What Matters This Week
CPI on Wednesday is the marquee event. Consensus expects +0.2% MoM core, but the Cleveland Fed nowcast points to a hotter +0.27% print. A surprise above 0.3% would likely push the 10-year above 4.25% and delay rate cut expectations into Q4.
Earnings Season Preview: What the Numbers Won't Tell You
Revenue beats will dominate headlines, but the real story is in margin compression and forward guidance revisions.
Bond Market Signal: The Yield Curve Is Telling You Something
The 2s10s spread has steepened to +45bps — the most since 2022. Here's what that means for equities.
Q1 2026 Market Review: Rotation Into Value Continues
A comprehensive review of Q1 2026 performance across asset classes, with our updated outlook for the remainder of the year.