# Daily Market Scan — 2026-04-27

## Executive read

Today was a mixed, low-energy session: the S&P 500 added +0.12% and the Nasdaq Composite +0.20% while the Dow slipped -0.13%, with US sector breadth narrow at 3/8 positive and a 1D risk_on_score of -1. The week's dominant theme is a sharp split inside US equities — Semis (SMH) +9.12% on the week and Tech (XLK) +3.89% lead, while Financials (XLF) -1.56%, Healthcare (XLV) -2.69%, and Cons Disc (XLY) -1.69% lag, and the Dow is down -0.56%. The 1M picture shows a broad rally — 6/8 US sectors and 5/5 A-share indices positive, with the S&P +10.76%, Nasdaq +16.25%, SMH +32.93%, and a 1M risk_on_score of 3. The 6-month regime is "energy and semis leadership inside a positive equity tape": SMH +46.83%, XLE +27.62%, EEM +16.26%, against weakness in Hang Seng Tech (-14.24%), FXI (-9.80%), TLT (-5.63%), and IBIT (-30.37%). One-year readings are uniformly strong for US equities (US sectors 8/8 positive 1Y, SMH +142.26%, Nasdaq +44.98%, S&P +30.80%), while VXX is -56.13% and IBIT -18.21% over the same span.

## Today (1D)

- Indices were mixed: S&P 500 +0.12%, Nasdaq Comp +0.20%, Russell 2000 +0.18%, Dow Jones -0.13%; VXX fell -3.02% to 28.89.
- US sector breadth was narrow at 3/8 positive (risk_on_score -1); XLF led at +0.76% while XLP -1.07%, XLY -0.72%, XLV -0.50%, and SMH was essentially flat at -0.04%.
- China A-shares were broadly up — STAR 50 +3.76% (pct_rank 97.22), SZSE Component +0.37%, SSE Composite +0.16%, CSI 300 +0.03%; ChiNext bucked at -0.52%. A-share breadth was 4/5 positive.
- Macro: USO (WTI Crude) +1.75% and US 10Y Yield +0.93%, while GLD -0.78%, TLT -0.50%, IBIT -1.04%, FXI -1.11%, Hang Seng -0.20% (Hang Seng Tech +0.77%).

## This week (1W)

- Semis and Tech dominated: SMH +9.12% (pct_rank 94.44), XLK +3.89% (pct_rank 86.51), Nasdaq Comp +1.98%; S&P 500 +0.91% and Russell 2000 -0.08% lagged, and the Dow was -0.56%.
- Defensives and rate-sensitives fell: XLV -2.69% (pct_rank 8.73), XLY -1.69%, XLF -1.56%, XLP -0.06%, with TLT -0.88%.
- Commodities split: USO +11.05% (pct_rank 92.86) and XLE +3.09%, against GLD -2.76% (pct_rank 13.10).
- Greater China was weak: FXI -3.21%, Hang Seng Tech -2.48%, Hang Seng -1.65%, ChiNext -0.78%, while STAR 50 +3.99% stood out; CSI 300 +0.28%, SZSE +0.19%, SSE +0.10%. US 10Y Yield +2.11%.

## This month (1M)

- Risk-on across US equities: SMH +32.93% (pct_rank 99.60), XLK +21.18% (pct_rank 98.41), Nasdaq Comp +16.25% (pct_rank 98.02), Russell 2000 +12.00% (pct_rank 96.43), S&P 500 +10.76% (pct_rank 97.22), Dow +6.98% (pct_rank 96.03); VXX -21.11% (pct_rank 5.56). US sector breadth 6/8 positive, risk_on_score 3.
- Sector dispersion is wide: XLY +8.28%, XLI +6.97%, XLF +5.63%, XLP +1.48% on the positive side; XLV -1.56% and XLE -7.72% (pct_rank 2.38) on the other.
- A-shares 5/5 positive: STAR 50 +17.04%, ChiNext +11.50%, SZSE Component +10.21%, CSI 300 +6.55%, SSE Composite +5.07%.
- Macro: EEM +14.73% (pct_rank 99.21), IBIT +12.21%, GLD +7.30%, FXI +4.35%, Hang Seng +3.44%, Hang Seng Tech +2.26%; UUP -1.29% and US 10Y Yield -2.03%.

## Half-year (6M)

- US equity tape positive with sector dispersion: SMH +46.83%, XLE +27.62%, Russell 2000 +12.47%, XLI +11.45%, XLK +11.09%, Nasdaq Comp +8.48%, S&P 500 +6.46%, Dow +5.21%, XLP +3.77%; XLY -1.13%, XLF -1.39%, XLV -1.77%. US sector breadth 5/8 positive, risk_on_score 3.
- A-shares positive across the board (5/5): ChiNext +21.89%, SZSE Component +17.03%, STAR 50 +10.27%, SSE Composite +5.76%, CSI 300 +5.13%.
- Greater China large-caps mixed-to-weak: Hang Seng +2.69%, Hang Seng Tech -14.24% (pct_rank 11.51), FXI -9.80% (pct_rank 7.54).
- Macro split: USO +83.82% (pct_rank 96.83), EEM +16.26%, GLD +13.49%, US 10Y Yield +8.48% (pct_rank 98.41), against IBIT -30.37% (pct_rank 21.43), VXX -13.68%, TLT -5.63% (pct_rank 9.92), UUP -1.65%.

## Year (1Y)

- US equities broadly higher with semis far ahead: SMH +142.26% (pct_rank 98.02), XLK +56.33% (pct_rank 97.22), Nasdaq Comp +44.98% (pct_rank 96.03), Russell 2000 +42.81%, XLE +37.56%, XLI +33.71%, S&P 500 +30.80%, Dow +22.63%, XLY +21.42%, XLF +7.38%, XLV +4.42%, XLP +1.59%. US sector breadth 8/8 positive, risk_on_score 3.
- Volatility deflated: VXX -56.13% (pct_rank 5.16).
- A-shares all positive: ChiNext +89.41%, SZSE Component +52.48%, STAR 50 +49.09%, CSI 300 +27.21%, SSE Composite +26.19%; Greater China large-cap weaker — FXI +6.86%, Hang Seng +20.77% (pct_rank 17.06), Hang Seng Tech -0.84%.
- Macro: USO +96.79% (pct_rank 99.21), EEM +46.20%, GLD +39.54%; IBIT -18.21%, TLT -2.22%, US 10Y Yield -1.14%, UUP +0.48%.

## News context

_(No news headlines available — historical backfill; the RSS news corpus is 7-day-rolling and does not cover this date.)_

## Data issues

None.

## Snapshot & multi-horizon returns

### US equity (indices)

| Instrument | Last | 1D | 1W | 1M | 3M | 6M | 1Y | YTD |
|---|---:|---:|---:|---:|---:|---:|---:|---:|
| S&P 500 | 7,174 | +0.12% | +0.91% | +10.76% | +3.22% | +6.46% | +30.80% | +4.60% |
| Nasdaq Comp | 24,887 | +0.20% | +1.98% | +16.25% | +5.45% | +8.48% | +44.98% | +7.11% |
| Dow Jones | 49,168 | -0.13% | -0.56% | +6.98% | -0.50% | +5.21% | +22.63% | +1.62% |
| Russell 2000 | 277.14 | +0.18% | -0.08% | +12.00% | +4.99% | +12.47% | +42.81% | +11.40% |
| VIX (VXX) | 28.89 | -3.02% | -1.50% | -21.11% | +8.73% | -13.68% | -56.13% | +10.69% |

### US sectors

| Instrument | Last | 1D | 1W | 1M | 3M | 6M | 1Y | YTD |
|---|---:|---:|---:|---:|---:|---:|---:|---:|
| XLK (Tech) | 160.57 | +0.22% | +3.89% | +21.18% | +9.92% | +11.09% | +56.33% | +11.28% |
| XLF (Financials) | 51.81 | +0.76% | -1.56% | +5.63% | -3.00% | -1.39% | +7.38% | -5.68% |
| XLE (Energy) | 56.77 | -0.18% | +3.09% | -7.72% | +15.34% | +27.62% | +37.56% | +24.36% |
| XLV (Healthcare) | 143.46 | -0.50% | -2.69% | -1.56% | -9.26% | -1.77% | +4.42% | -7.75% |
| XLY (Cons Disc) | 117.84 | -0.72% | -1.69% | +8.28% | -3.66% | -1.13% | +21.42% | -0.43% |
| XLP (Cons Staples) | 82.34 | -1.07% | -0.06% | +1.48% | -0.53% | +3.77% | +1.59% | +5.99% |
| XLI (Industrials) | 172.51 | +0.02% | -0.80% | +6.97% | +4.95% | +11.45% | +33.71% | +9.20% |
| SMH (Semis) | 506.26 | -0.04% | +9.12% | +32.93% | +26.94% | +46.83% | +142.26% | +35.62% |

### China A-shares

| Instrument | Last | 1D | 1W | 1M | 3M | 6M | 1Y | YTD |
|---|---:|---:|---:|---:|---:|---:|---:|---:|
| SSE Composite | 4,086 | +0.16% | +0.10% | +5.07% | -0.67% | +5.76% | +26.19% | +1.56% |
| SZSE Component | 14,996 | +0.37% | +0.19% | +10.21% | +4.91% | +17.03% | +52.48% | +8.44% |
| CSI 300 | 4,771 | +0.03% | +0.28% | +6.55% | +0.77% | +5.13% | +27.21% | +1.13% |
| ChiNext | 3,649 | -0.52% | -0.78% | +11.50% | +9.32% | +21.89% | +89.41% | +10.75% |
| STAR 50 | 1,508 | +3.76% | +3.99% | +17.04% | +0.10% | +10.27% | +49.09% | +7.48% |

### Hong Kong

| Instrument | Last | 1D | 1W | 1M | 3M | 6M | 1Y | YTD |
|---|---:|---:|---:|---:|---:|---:|---:|---:|
| Hang Seng | 25,926 | -0.20% | -1.65% | +3.44% | -2.12% | +2.69% | +20.77% | -1.57% |
| Hang Seng Tech | 4,940 | +0.77% | -2.48% | +2.26% | -13.08% | -14.24% | -0.84% | -13.89% |

### Global macro

| Instrument | Last | 1D | 1W | 1M | 3M | 6M | 1Y | YTD |
|---|---:|---:|---:|---:|---:|---:|---:|---:|
| UUP (USD index) | 27.45 | -0.11% | +0.48% | -1.29% | +2.50% | -1.65% | +0.48% | +1.25% |
| GLD (Gold) | 429.89 | -0.78% | -2.76% | +7.30% | -7.49% | +13.49% | +39.54% | +7.94% |
| USO (WTI Crude) | 134.72 | +1.75% | +11.05% | +14.89% | +83.34% | +83.82% | +96.79% | +95.36% |
| TLT (20Y+ UST) | 86.28 | -0.50% | -0.88% | +0.20% | -2.34% | -5.63% | -2.22% | -0.86% |
| IBIT (Bitcoin) | 43.56 | -1.04% | +0.72% | +12.21% | -12.27% | -30.37% | -18.21% | -14.49% |
| EEM (EM equity) | 63.64 | -0.16% | +0.73% | +14.73% | +7.55% | +16.26% | +46.20% | +13.16% |
| FXI (China lg-cap) | 36.45 | -1.11% | -3.21% | +4.35% | -7.60% | -9.80% | +6.86% | -8.46% |
| US 10Y Yield | 4.3500 | +0.93% | +2.11% | -2.03% | +2.59% | +8.48% | -1.14% | +3.82% |

### Breadth & risk-on

| Horizon | US sectors + | A-shares + | risk_on_score |
|---|---:|---:|---:|
| 1D | 3/8 | 4/5 | -1 |
| 1W | 3/8 | 4/5 | 1 |
| 1M | 6/8 | 5/5 | 3 |
| 3M | 4/8 | 4/5 | 1 |
| 6M | 5/8 | 5/5 | 3 |
| 1Y | 8/8 | 5/5 | 3 |