dataphil › Brief archive › 2026-08-11

Risk-off tone persists as Asia and Europe show weakness

Tuesday, August 11, 2026 · 2 takes, written as the session ran and never rewritten with hindsight. Where a take stated something false, it is corrected and the original wording is shown under it.

The setup

Overnight tape, futures and the day's calendar · filed 06:36 ET

Risk-off tone persists as Asia and Europe show weakness

Asia saw mixed results overnight. The Hang Seng slid 1.10%, while the KOSPI managed a modest gain of 0.73%. European indices are similarly under pressure, with the DAX down 0.10% ahead of the US open, suggesting a cautious sentiment as traders brace for today's key inflation data.

What it was watching

Core CPI m/m est 0.2% — crucial for Fed positioningEarnings from SMCI — watch for guidanceVIX remains elevated, currently at 19.

The close

What the tape actually did · filed 17:26 ET

S&P 500 slips as tech stocks drag on broader market

The tape closed lower today with the S&P 500 down 0.32%, weighed down by tech weakness in the Nasdaq, which fell 0.6%. Notably, WTI crude climbed 1.34% to $83.23, providing a lift to energy stocks while broader market sentiment remained mixed amid fears of slowing growth. Watch for potential volatility tomorrow as earnings season continues and economic data is released.

What it was watching

AAPL earnings AMC — implied move ~5%Core PCE m/m est 0.4% — Fed's preferred gaugeWatch $4.68 on 10-year yield for trend confirmation

Elsewhere that session

Who on the Street was right → Semis vs SMH → The live dashboard →

← 2026-08-12  ·  All sessions  ·  2026-08-10 →

How this brief was made

Written Tuesday, August 11, 2026 from that session's own market snapshot. Since October 7, 2026 every figure, name, time and rating action in a take is written by code from that snapshot, and a language model writes only the headline and the read around them, which are machine-checked against those facts before the take is filed. Takes before that date were written whole by the model and checked only for numbers and scheduled events. A take that aged badly is left standing on purpose: an archive rewritten with hindsight is not a record. The one thing that is changed is a statement that was false when it was written. That is corrected in the text, the original wording is shown under the take, and the change is logged on the corrections page. Not investment advice.

Get this before the open, not after

Our take, the S&P 500 Pulse, the Street's calls and today's docket — one email, weekdays, 9 AM ET, 30 minutes before the open.