Daily Report
CH. Résia Letter — 2026-04-21
CH. Résia Letter Premium Daily Market Intelligence — April 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 +8.03% over one month with a 31% risk-off posterior. * Growth leadership