# FRIDAY WEEK CLOSE — April 10, 2026
## Full Week Scorecard: April 7–10

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## MARKET SUMMARY

A massive relief rally this week as tariff fears eased and risk appetite returned. The S&P 500 gained +3.1%, Nasdaq +3.8%, and small caps (IWM) +3.5%. VIX collapsed -20% to 19.23. The big story: oil crashed -10.2% on the week while crypto surged (BTC +6.2%, ETH +6.6%). Gold continued its march higher at +2.2%.

**Key drivers:**
- Tariff de-escalation signals from Washington
- PCE inflation data came in line (Feb: +0.4% m/m, +2.8% y/y)
- Risk-on rotation: tech, small caps, and EM all outperformed
- Oil gave back gains sharply — WTI from $110+ to $99.32
- VIX crushed from 24+ to 19.23

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## PORTFOLIO PERFORMANCE — WEEKLY (391 tickers tracked)

### Top 10 Winners (Week)
| Ticker | Weekly % | Portfolio |
|--------|----------|-----------|
| NBIS | +28.82% | TOP QUARANTINE |
| FNMA | +27.60% | TOP CBS |
| ALAB | +26.32% | FOLLOW THE MONEY |
| CRWV | +26.02% | TOP QUARANTINE |
| CIFR | +23.82% | TOP QUARANTINE |
| INTC | +22.84% | FOLLOW THE MONEY |
| WYFI | +20.53% | TOP CBS |
| CLS | +20.19% | FOLLOW THE MONEY |
| GLXY | +18.49% | TOP QUARANTINE |
| GDXU | +18.17% | GOLD |

### Bottom 10 Losers (Week)
| Ticker | Weekly % | Portfolio |
|--------|----------|-----------|
| NET | -21.15% | TOP QUARANTINE |
| NOW | -18.96% | TOP QUARANTINE |
| SNOW | -18.92% | TOP QUARANTINE |
| VG | -18.63% | FOLLOW THE MONEY |
| KOS | -17.10% | FOLLOW THE MONEY |
| AXON | -16.25% | FOLLOW THE MONEY |
| TEAM | -16.07% | TOP QUARANTINE |
| INTU | -15.65% | TOP QUARANTINE |
| PLTR | -13.43% | FOLLOW THE MONEY |
| CNR | -12.35% | FOLLOW THE MONEY |

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## PORTFOLIO PERFORMANCE — YTD

### Top 10 Winners (YTD)
| Ticker | YTD % | Portfolio |
|--------|-------|-----------|
| BWET | +769.94% | TOP CBS |
| SNDK | +209.46% | TOP QUARANTINE |
| KOS | +188.76% | FOLLOW THE MONEY |
| BW | +174.65% | FOLLOW THE MONEY |
| LITE | +132.39% | FOLLOW THE MONEY |
| TROX | +114.21% | FOLLOW THE MONEY |
| CIEN | +101.58% | FOLLOW THE MONEY |
| VG | +84.49% | FOLLOW THE MONEY |
| WDC | +83.06% | TOP QUARANTINE |
| TER | +77.37% | TOP QUARANTINE |

### Bottom 10 Losers (YTD)
| Ticker | YTD % | Portfolio |
|--------|-------|-----------|
| TEAM | -63.07% | TOP QUARANTINE |
| EOSE | -56.67% | FOLLOW THE MONEY |
| VITL | -56.27% | TOP QUARANTINE |
| WGS | -54.94% | TOP QUARANTINE |
| KLAR | -54.36% | TOP QUARANTINE |
| FLUT | -53.09% | TOP QUARANTINE |
| CSIQ | -50.30% | FOLLOW THE MONEY |
| BUR | -50.17% | TOP QUARANTINE |
| QBTS | -49.34% | TOP QUARANTINE |
| TTD | -46.68% | TOP QUARANTINE |

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## ASSET CLASS COMPARISON

### Weekly Performance
| Asset Class | Ticker | Weekly % |
|-------------|--------|----------|
| Ethereum | ETH-USD | +6.55% |
| Bitcoin | BTC-USD | +6.17% |
| Emerging Markets | IEMG | +5.86% |
| Silver | SLV | +4.52% |
| Europe | VGK | +3.92% |
| Nasdaq 100 | QQQ | +3.84% |
| US Small Cap | IWM | +3.54% |
| Global Equities | VT | +3.51% |
| US Large Cap | SPY | +3.12% |
| REITs | VNQ | +2.90% |
| Gold | GLD | +2.22% |
| Agg Bonds | AGG | +0.27% |
| Long Treasuries | TLT | -0.18% |
| Agriculture | DBA | -1.43% |
| Oil | USO | -10.16% |

### YTD Performance
| Asset Class | Ticker | YTD % |
|-------------|--------|-------|
| Oil | USO | +81.00% |
| Gold | GLD | +9.75% |
| Emerging Markets | IEMG | +7.61% |
| REITs | VNQ | +6.16% |
| US Small Cap | IWM | +5.22% |
| Agriculture | DBA | +5.20% |
| Silver | SLV | +5.06% |
| Europe | VGK | +3.44% |
| Global Equities | VT | +2.27% |
| Long Treasuries | TLT | +0.49% |
| Agg Bonds | AGG | +0.45% |
| Nasdaq 100 | QQQ | -0.21% |
| US Large Cap | SPY | -0.27% |
| Bitcoin | BTC-USD | -17.61% |
| Ethereum | ETH-USD | -25.15% |

**Key takeaway:** Oil is the YTD monster at +81%. Gold +9.75% continues to work. US large cap is essentially flat YTD. Crypto is deeply underwater.

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## GLOBAL COUNTRY ETFs — WEEKLY

### Top 10
| Country | ETF | Weekly % |
|---------|-----|----------|
| South Korea | EWY | +10.16% |
| Taiwan | EWT | +7.93% |
| Turkey | TUR | +7.51% |
| Brazil | EWZ | +7.24% |
| Netherlands | EWN | +7.05% |
| Vietnam | VNM | +6.12% |
| Poland | EPOL | +6.07% |
| Chile | ECH | +5.99% |
| South Africa | EZA | +5.84% |
| Australia | EWA | +5.74% |

### Bottom 10
| Country | ETF | Weekly % |
|---------|-----|----------|
| Colombia | GXG | +1.25% |
| Argentina | ARGT | +1.36% |
| Singapore | EWS | +1.83% |
| Canada | EWC | +2.29% |
| Switzerland | EWL | +2.33% |
| China | MCHI | +2.42% |
| Hong Kong | EWH | +2.62% |
| UK | EWU | +2.69% |
| Philippines | EPHE | +2.82% |
| Japan | EWJ | +2.99% |

**Note:** Every single country ETF was positive this week. South Korea led at +10.2% — Samsung/SK Hynix AI chip demand. EM broadly outperformed DM.

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## US TREASURY CURVE

| Maturity | Yield | Weekly Change |
|----------|-------|---------------|
| 3-Month | 3.59% | -3 bps |
| 5-Year | 3.94% | -4 bps |
| 10-Year | 4.32% | -2 bps |
| 30-Year | 4.91% | +2 bps |

**Spreads:**
- 2s10s: ~+53 bps (normal, steepening)
- 10s30s: +59 bps (steepening at the long end)

**Commentary:** Short end rallied slightly (rate cut expectations), long end held firm. The 30Y at 4.91% is near 5% — significant for Carlos's long-duration treasury portfolio (49% in 2044-2054 bonds). Curve is normalizing, which is healthy. Fed funds rate still at 4.25-4.50%, market pricing 2-3 cuts by year-end.

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## TOP 20 VOLUME NAMES

| Ticker | Volume | Price | Day % | In Portfolio? |
|--------|--------|-------|-------|---------------|
| NVDA | 159.4M | $188.63 | +2.34% | Yes (FTM) |
| PLTR | 115.9M | $128.06 | -0.33% | Yes (FTM) |
| INTC | 98.1M | $62.38 | +1.46% | Yes (FTM) |
| NIO | 58.5M | $6.50 | +5.86% | Yes (TQ) |
| AMZN | 56.5M | $238.38 | +1.31% | Yes (TQ) |
| TSLA | 50.3M | $348.95 | +0.77% | Yes (TQ) |
| SNAP | 48.0M | $4.82 | -4.27% | No |
| SMCI | 42.6M | $25.26 | +6.85% | Yes (TQ) |
| MARA | 36.1M | $9.54 | -2.00% | Yes (TQ) |
| AMD | 35.9M | $245.04 | +2.53% | Yes (FTM) |
| T | 32.0M | $26.46 | -0.21% | Yes (CBS) |
| SOFI | 31.3M | $16.22 | -0.49% | Yes (TQ) |
| AMC | 30.6M | $1.35 | 0.00% | Yes (TQ) |
| AAPL | 28.2M | $260.48 | +0.19% | Yes (TQ) |
| MSFT | 26.4M | $370.87 | -0.57% | Yes (TQ) |
| F | 23.6M | $12.13 | -1.70% | Yes (CBS) |
| RIVN | 19.1M | $15.43 | +0.39% | Yes (TQ) |
| GOOGL | 18.9M | $317.24 | -0.94% | Yes (TQ) |
| BAC | 16.8M | $52.54 | -0.49% | Yes (CBS) |
| RIOT | 13.8M | $16.60 | -0.90% | Yes (TQ) |

**15 of 20 highest-volume names are in Carlos's portfolios.** Heavy overlap with FOLLOW THE MONEY and TOP QUARANTINE.

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## TOP 10 GLOBAL STOCKS NOT IN PORTFOLIOS

### Weekly
| Ticker | Weekly % | Company |
|--------|----------|---------|
| IBN | +6.41% | ICICI Bank (India) |
| JD | +5.09% | JD.com (China) |
| NU | +4.91% | Nu Holdings (Brazil) |
| SE | +4.41% | Sea Limited (SE Asia) |
| HDB | +4.13% | HDFC Bank (India) |
| MELI | +3.72% | MercadoLibre (LatAm) |
| GRAB | +3.37% | Grab Holdings (SE Asia) |

### YTD
| Ticker | YTD % | Company |
|--------|-------|---------|
| JD | +1.46% | JD.com |

**Note:** Global stocks outside Carlos's portfolios are mostly underwater YTD. His portfolio coverage is excellent — he already owns most of the winners.

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## NEWSLETTER DROPS THIS WEEK

### Bahnsen Group
- **Apr 10:** "What's Next in Iran and Markets?" — Friday Dividend Cafe
- **Apr 9:** Thursday daily recap — Dow +276 (+0.58%), PCE in line
- **Apr 8:** Wednesday daily recap + **FOR CLIENTS ONLY Weekly Holdings Report** — Core Dividend +5.07% in Q1 vs S&P -4.9%. Energy overweight (CVX +37%, XOM +42%) drove massive outperformance
- **Apr 7:** Tuesday daily recap

### Mauldin Economics
- **Apr 10:** VIP Week in Review + Global Macro Update ("The AI Breakthrough You Can't Afford to Ignore") + Over My Shoulder (Ed Yardeni: "How Transitory is Inflation?")
- **Apr 9:** Transformative Age Quarterly Portfolio Review + **Macro Advantage ALERT: Pare Back on Energy Hedges — Sell OII and CHRD**

### Charlie Bilello
- **Apr 8:** "The Week in Charts (4/8/26)" — weekly visual market summary

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## MAULDIN ALERT: SELL OII AND CHRD
**Important:** Macro Advantage issued a sell alert on OII (Oceaneering International) and CHRD (Chord Energy). Both are energy names. If Carlos holds either, consider trimming. This aligns with oil's -10% weekly drop.

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## MARKET COMMENTARY & FED

**Weekly narrative:** This was a classic "buy the dip" week. After the tariff shock drove markets down sharply in early April, the relief rally was swift and broad. Every country ETF was green. Every major asset class except oil and agriculture was positive. The VIX collapse from 24+ to 19 signals the market believes the worst of the tariff uncertainty is behind us.

**Fed outlook:**
- Next FOMC: May 6-7, 2026
- Current rate: 4.25-4.50%
- Market pricing: 2-3 cuts by year-end (first cut likely June or July)
- Key data next week: CPI (Tuesday), PPI (Wednesday), Retail Sales (Thursday)
- Fed speakers: Waller (Monday), Barkin (Tuesday), Powell (Wednesday — important!)

**Geopolitics:**
- Iran tensions remain elevated — Bahnsen's Friday Cafe focused on this
- Tariff situation stabilizing but not resolved
- Oil volatility likely to continue

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## PORTFOLIO STOCK NEWS

**Earnings coming up (next 2 weeks):**
- JPM, WFC, C, GS, MS — bank earnings start next week
- NFLX — April 17
- TSLA — April 22
- GOOGL, MSFT, META — late April

**Notable moves:**
- INTC +22.8% this week — restructuring/AI chip optimism
- SMCI +6.9% — recovering from accounting concerns
- PLTR -13.4% — profit-taking after massive run
- NET -21.2% — worst performer, growth concerns

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## NEXT WEEK CALENDAR

| Date | Event |
|------|-------|
| Sat Apr 11 | GB Family Beach Day/BBQ (10:30 AM) |
| Mon Apr 13 | Fed's Waller speaks |
| Tue Apr 14 | CPI data release |
| Wed Apr 15 | PPI data + Fed Chair Powell speaks |
| Wed Apr 16 | AT&T payment due + 7-2-8 Call with Brad Stegall (7 PM) |
| Thu Apr 17 | Retail Sales + NFLX earnings |

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*Generated April 10, 2026 at 4:38 PM ET by OpenClaw*
*Data: Yahoo Finance (closing prices), Gmail (newsletters), Google Calendar*
*391 portfolio tickers tracked across 7 portfolios*