📉 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).

Hot CPI or not? Euro inflation lands at

📉 A Short Report · Fri, 16 Oct 2026 · published

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Chart: a broker's CFD price that tracks the FTSE 100, via TradingView. It isn't the official index and can differ slightly, especially outside UK market hours.
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Yesterday's call

Yesterday my call was No trade. I said: My call: No trade. Nothing I can see in this morning's news or diary points to a fall, so I'm standing aside from a short.

I was right. The market was up a lot.

Rates

The US 10-year Treasury yield was 5.10% (down 9bp on the day) and the 2-year 4.77% (down 5bp), on 15 Oct 2026. Source: U.S. Department of the Treasury, daily par yield curve rates, 15 Oct 2026.

Today's diary

Europe UK US

  1. EuropeEuro area inflation (HICP) (big one)
  2. UKFTSE 100 index options expiry (EDSP 10:15)
  3. USMonthly equity/index options expiry

Diary: Source: Eurostat.

My call

My call: Short. Taking the overnight news and the diary together, I lean to a softer London session, which suits a short. How sure: fairly. What would change my mind: a clearly better turn in the news before London opens.

Last night I said No trade for the open. For the full day to the close, my call is Short.