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11. 8. 2026
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Stocks live · indices
S&P 500
7,653
-0.3% 24h
Nasdaq
26,151
+0.7% 24h
Stocks momentumRisk-on
70/100
BearishNeutralBullish
Trend · SPXUptrend
7,753
▲ 9.9% vs 200DMA · above the 200DMA
BreadthMixed
≈ 60%est
est · share of S&P > 200DMA
VIXComplacent
14.9
▼ 1.7% · low vol, complacent
HY creditTight
270 bp
• 1bp · credit calm
Biggest stocks news
CPI Make-or-Break for Fed Disinflation
Why it matters — A soft CPI could relieve pressure on the Fed and support risk assets; a hot print could revive rate hike fears and trigger a sell-off in bonds and equities.
𝕏x.commacro
9.0
1Signalsthe 6 that matter
01
CPI Make-or-Break for Fed Disinflation
9.0
Why — A soft CPI could relieve pressure on the Fed and support risk assets; a hot print could revive rate hike fears and trigger a sell-off in bonds and equities.
𝕏x.comMacro
02
Hammack Calls for More Than 25bps Hike
8.5
Why — Adds to hawkish Fed rhetoric, increasing the probability of a September hike. Markets have not fully priced a move larger than 25bps.
𝕏x.comRates
03
S&P 500 Earnings Expected to Surge 32% in 2026
Why — Implies continued upward pressure on equity valuations if realized, but also raises the bar for earnings beats. Any disappointment in AI-related earnings could be amplified.
𝕏x.comEarnings
8.0
04
NDX Positioning Most Bearish Since ChatGPT Launch
7.5
Why — Extreme bearish positioning in tech could be a contrarian signal for a short-term bounce, but it also reflects deep skepticism about valuations and AI monetization timelines.
𝕏x.comEquities
05
Energy Longs Approaching Historical Extremes
7.0
Why — Crowded energy longs could lead to a sharp reversal if oil prices roll over or if macro concerns re-emerge. Suggests caution for energy sector exposure.
𝕏x.comEnergy
06
AI Datacenter Buildout Still on Track, No Delays Yet
Why — Alleviates fears of a capex slowdown in the AI space. Supports the narrative of sustained demand for compute and cloud infrastructure, positive for semis and hyperscalers.
𝕏x.comAi
7.0
2Watch4 themes · 12 notes

Rates & the Fed

BiancoFOMC now twelve independent voters; criticism of Warsh's lack of forward guidance misplaced.
Cook sounded open to raising rates in recent speeches (Timiraos).
Bessent allegedly saved the bond market via non-use of FIMA repo facility (Andy Constan).

Earnings & sectors

The TranscriptMSFT commercial RPO +84% to $678B, GOOG Cloud backlog +$50B, AMZN backlog $496B triple-digit YoY.
ABNB CEOAI reduced time to concept-to-launch by 60%.
Disney boosts share buyback to at least $9B in FY26.

Positioning & flows

The Market EarRetail back in GLD gold ETF; déjà vu pattern.
Andy ConstanNVDA described as 'GE Capital and AIG rolled into one' – a packaged credit tool.
Liz Ann SondersProfitable R2 stocks still outperforming non-profitable, despite latter's surge.

Macro data

TimiraosCore CPI expected to round down to 0.2% m/m in July.
Warren PiesJuly NFP -23k with negative revisions; UE rate at 4.1% due to falling LFPR.
Brad SetserJapan MoF likely to test USD/JPY 160 level before September; profit-taking operations reduce debt.
3Actions4 · save now, convert to tasks later

Watchlist

4 items
Wednesday's July CPI report (Aug 12) – core m/m and y/y.
Fed speeches from Hammack, Cook, and any Warsh comments.
Japan MoF intervention watch: USD/JPY 160 level.
AI infrastructure capex announcements from hyperscalers (MSFT, GOOG, AMZN) – backlog updates.
What's expectedstocks, next 1–2 weeks
July CPI print12 Aug
September FOMC decision on rate hikeSep meeting
AI datacenter buildout trajectory and capex commentaryongoing
Potential Treasury QRA changes and bond market interventionthis week
LLM read from today's sources qualitative read, no buy/sell calls
Macro backdropat a glance
Fed pathCurve flat (+47 bp)
10Y Treasury4.65% · Easing
Crude (WTI)$82.0 · Disinflat.