Daily Report
CH. Résia Letter — 2026-05-21
CH. Résia Letter Premium Daily Market Intelligence — May 21, 2026 Institutional-style macro and cross-asset briefing generated from the Bayesian market stack. 1. Executive summary What matters today * Global equities remain under pressure: S&P 500 is down +4.57% over one month with a 23% risk-off posterior. * Growth leadership