According to @EricBalchunas, market futures are down 55 bps pre-market, indicating a negative open for risk assets, source: Eric Balchunas on X, Jan 12, 2026, https://twitter.com/EricBalchunas/status/2010706279115751640. He also reports roughly 40 all-time highs were just recorded across the market, highlighting strong record-high breadth despite weaker futures pricing, source: Eric Balchunas on X, Jan 12, 2026, https://twitter.com/EricBalchunas/status/2010706279115751640. This juxtaposition underscores a divergence between futures and spot record highs, signaling mixed near-term risk sentiment into today’s session, source: Eric Balchunas on X, Jan 12, 2026, https://twitter.com/EricBalchunas/status/2010706279115751640.