Weekly Update 4/13/2026

April 13, 2026

Your Weekly Update for Monday, April 13, 2026.

Beacon Rock Wealth Advisors is a dba of BR Capital, Inc. It is a financial planning and registered investment advisory firm in Camas, Washington. We are always available to answer your questions. Give us a call at (360) 735-1900 or send an email.

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Have a great week!

Bill Roller
NMLS #107972
CHARTERED FINANCIAL ANALYST
CERTIFIED FINANCIAL PLANNERTM
CHARTERED MARKET TECHNICIAN
bill.roller@beaconrwa.com

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Click on the image below to go to https://youtu.be/xqlq_ljV45M to see the video from April 13 in which Bill Roller presents the financial update for the week.

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Summary

Markets were UP last week. The Dow Jones Industrial Average was UP 3.04% to 47,916.57 while the S&P500 ended UP 3.56% to 6,816.89. The Nasdaq Composite ROSE 4.68% to 22,902.89. The annual yield on the 30-year Treasury ROSE 2.4 basis point(s) to 4.914%.

Economic Notes:

Overnight Summary — Markets rattle; crude spikes after Strait of Hormuz blockade order

  1. Futures slide as geopolitical tensions explode higher, with Trump’s order to blockade the Strait of Hormuz jolting markets and sending oil sharply higher. The risk-off tone deepens as hopes for diplomacy unravel, raising fresh fears of a major disruption to global energy flows. The S&P Futures (Jun) are down about 41 points and trading around 6814. The market dived after the open, dropping as low as 6767.00 before finding stabilization around 6775. The S&P worked its way back to 6800 and found its footing, reaching a high of 6820.00, but it is still well below the gap resistance at 6860.
  2. Asian markets traded mixed on Monday, with sentiment pressured by surging oil prices and escalating geopolitical tensions following the collapse of U.S.–Iran talks and the threat of a blockade of the Strait of Hormuz. Japan’s Nikkei 225 fell 0.9%, weighed down by tech and industrial names including Sumitomo Electric (-6.2%), Ibiden (-5.1%), and Tokyo Electron (-3.6%), while rising bond yields near multi-decade highs fueled expectations of a potential Bank of Japan rate hike. China’s Shanghai Composite edged up 0.1%, and the Shenzhen Component gained 0.7%, showing relative resilience supported by policy backing and signs of economic stabilization, with gains led by banks such as ICBC (+0.8%) and growth names like CATL (+2.7%) and BYD (+2.5%). Hong Kong’s Hang Seng Index dropped 0.9%, with weakness in heavyweight tech and financials, including Tencent (-2.9%), SMIC (-1.9%), and AIA (-1.7%), though gains in energy and materials stocks helped limit losses. Rising energy costs and inflation concerns kept risk appetite subdued across the region.
  3. European markets trade sharply lower, with risk aversion intensifying after the collapse of U.S.–Iran talks and the announcement of a Strait of Hormuz blockade, which drives oil prices above $100. The DAX 40 falls more than 0.8%, led by broad-based losses across cyclicals and financials, including Lufthansa (-5%), Airbus (-2%), and Commerzbank (-2%), while Rheinmetall (+2%) stands out as a rare gainer. France’s CAC 40 drops 0.8%, pressured by weakness in luxury and financial stocks, with LVMH (-1.5%), Hermès (-1.6%), and Kering (-2.4%) declining ahead of earnings, alongside losses in BNP Paribas and Société Générale. The FTSE 100 slips 0.3% but outperforms peers, supported by gains in energy majors BP (+1%) and Shell (+1.2%) on higher crude prices. Travel and banking stocks lag, with EasyJet (-3.9%) and major UK banks down 1% to 2%, while rising oil and shifting rate expectations keep sentiment cautious.

Market Updates

  1. S&P Futures vs Fair Value: -40.0
  2. 10 yr Note: 4.341%  +0.001
  3. USD/JPY:  159.72   +0.43
  4. EUR/USD: 1.1689  -0.0037
  5. Europe: FTSE: -0.3% DAX: -0.8% CAC: -0.8%
  6. Asia: Hang Seng: -0.9%  Shanghai: +0.1%  Nikkei: -0.7%
  7. Gold (4743.30 -44.10) Silver (74.465 -2.015) Crude (104.46 +7.89)

Market Notes

  1. The S&P 500 futures are 0.7% below fair value; the Nasdaq 100 futures are 0.7% below fair value; and the DJIA futures are 1.0% below fair value
  2. Key factors driving the futures market:
    1. Failure of ceasefire talks between U.S. and Iran
    2. Oil prices spike as President Trump orders blockade of Strait of Hormuz, effective at 10:00 a.m ET today
    3. Treasury yields climbing on inflation concerns
  3. Iran threatens ports in the Persian Gulf and the Sea of Oman following the U.S. blockade. WSJ
  4. A U.S. blockade of the Strait of Hormuz could sever Iran’s financial lifeline and could be less risky than seizing Kharg Island. Bloomberg
  5. President Trump tells reporters he “doesn’t care” if Iran comes back to the negotiating table. He said Iran broke its promise to open the Strait of Hormuz. NBC News
  6. President Trump is considering resuming limited Iranian strikes. WSJ
  7. Saudi Arabia’s east-west pipeline has been restored to full capacity. Bloomberg
  8. President Trump, in an interview, says gas prices could remain high through November. Reuters
  9. Hungary will have a more EU-friendly government after a Sunday election unseated Prime Minister Orban’s party
  10. FTC in settlement discussions with advertising companies. WSJ
  11. Standard & Poor’s affirmed the U.K.’s AA rating with a Stable outlook
  12. Conagra (CAG)names John Brase as its new CEO, effective June 1, 2026
  13. CoStar (CSGP): Third Point will exit its position. Reuters
  14. Fastenal (FAST)reports EPS in-line, revs in-line
  15. Goldman Sachs (GS)beats by $1.08, beats on revs; net revenues in Fixed Income, Currency and Commodities were $4.01 billion, 10% lower than the first quarter of 2025
  16. Leggett & Platt (LEG)to be acquired by Somnigroup International (SGI) in an all-stock transaction valued at approximately $2.5 billion
  17. Revolution Medicines (RVMD): Phase 3 trial shows daraxonrasib demonstrated a median OS of 13.2 months versus 6.7 months for chemotherapy
  18. SanDisk Corporation (SNDK)will be added to the Nasdaq 100 Index effective April 20, 2026, replacing Atlassian (TEAM)
  19. Brokerage research calls of note:
    1. Upgrades: ARW, AVT, BILI, BX, CHYM, CPA, CRWV, DIOD, LTM, MAS, NOK, ON, PHM, REXR, RYAAY, SBGSY, SBUX, TEM, TMUS, TOL, TX, VNOM, WSM
    2. Downgrades: BBY, CNTA, ESYJY, FORM, HPE, NKE, NXPI, OSK, PSN, WOOF, REPL, VLRS
  20. WTI crude futures +7.7% to $103.97/bbl; nat gas futures +2.6% to $2.72/mmbtu; copper futures -0.3% to $5.87/lb; gold futures -1.1% to $4733.40/toz; silver futures -3.0% to $74.23/toz
  21. 2-yr note yield +3 bps to 3.83% and 10-yr note yield +4 bps to 4.36%
  22. The U.S. Dollar Index +0.4% to 99.00
  23. Fed Speakers: Fed Governor Miran (FOMC voter) at 6:20 p.m. ET
  24. Today’s economic data: March Existing Home Sales at 10:00 a.m. ET

Mortgage Rates

“Mortgage rates ticked down this week, averaging 6.37%,” said Sam Khater, Freddie Mac’s Chief Economist. “The decrease in rates represents a positive development for prospective homebuyers and could spark a more favorable spring homebuying season than last year.”

The 30-year FRM averaged 6.37% as of April 9, 2026, down from last week when it averaged 6.46%. A year ago at this time, the 30-year FRM averaged 6.62%.

The 15-year FRM averaged 5.74%, down from last week when it averaged 5.77%. A year ago at this time, the 15-year FRM averaged 5.82%.

Mortgage Rates

Selected Cryptocurrencies

Symbol Name Price 24h % 7d % Market Cap Volume(24h)
BTC Bitcoin $70,868.22 -0.83% 1.70% $1,418,442,937,741 $28,362,793,535
ETH Ethereum $2,187.25 -0.65% 1.75% $263,982,265,093 $13,108,338,572
BNB BNB $598.50 0.70% -1.18% $81,610,662,135 $1,685,111,775
XRP XRP $1.32 -0.37% -1.78% $81,452,265,995 $1,775,241,729
SOL Solana $81.88 -0.29% -0.72% $47,043,835,035 $3,436,433,618
TRX TRON $0.32 0.02% 1.43% $30,488,067,636 $562,735,358
DOGE Dogecoin $0.09 -0.26% -2.19% $15,411,342,110 $888,297,744
HYPE Hyperliquid $41.70 2.77% 11.39% $10,669,600,980 $208,480,115
LEO UNUS SED LEO $10.12 0.06% 0.07% $9,324,370,579 $443,510
ADA Cardano $0.24 -0.77% -7.08% $8,598,440,978 $428,872,704
BCH Bitcoin Cash $426.20 0.52% -2.87% $8,532,909,373 $188,405,246
XMR Monero $346.05 1.66% 4.36% $6,383,672,978 $97,154,667
LINK Chainlink $8.71 -0.59% -3.56% $6,339,672,415 $456,302,467
ZEC Zcash $364.04 -0.25% 42.25% $6,052,621,803 $537,224,764
USDe Ethena USDe $1.00 -0.02% -0.04% $5,825,556,925 $120,008,873
CC Canton $0.15 2.61% 6.52% $5,700,712,279 $6,895,535
DAI Dai $1.00 -0.02% -0.02% $5,363,823,056 $137,408,698
XLM Stellar $0.15 0.57% -6.82% $5,028,277,884 $69,644,657

 Data as of 4:15 AM PDT, Monday, April 13, 2026. Source: https://coinmarketcap.com

If you know someone age 62 or over who is feeling stressed financially and considering a reverse mortgage please send them this excellent piece with general information about reverse mortgages at: https://beaconrwa.com/reversemortgageguidebrwa/

Sources: Bill Roller, BR Capital, Inc. dba Beacon Rock Wealth Advisors American Association for Individual Investors (AAII), Associated Press, Barclays Capital, Bloomberg, Briefing.com, Citigroup, Deutsche Bank, FactSet, Financial Times, Goldman Sachs, JPMorgan Asset Management, MarketfieldAsset Management, Morgan Stanley, MSCI, Morningstar, Northern Trust, Oppenheimer Funds, PIMCO, Standard & Poor’s, StockCharts.com, The Conference Board, Thomson Reuters, T. Rowe Price, U.S. Bureau of Economic Analysis, U.S. Federal Reserve, Wall Street Journal, The Washington Post. Index performance is shown as total return, which includes dividends, with the exception of MSCI-EM, which is quoted as price return/excluding dividends. Performance for the MSCI-EAFE and MSCI-EM indexes is quoted in U.S. Dollar investor terms.

The information above has been obtained from sources considered reliable, but no representation is made as to its completeness, accuracy or timeliness. All information and opinions expressed are subject to change without notice. Information provided in this report is not intended to be, and should not be construed as, investment, legal or tax advice; and does not constitute an offer, or a solicitation of any offer, to buy or sell any security, investment or other product BR Capital, Inc. dba Beacon Rock Wealth Advisors  is a registered investment advisor.

Notes key: (+) positive/encouraging development, (0) neutral/inconclusive/no net effect, (-) negative/discouraging development.