Buybacks doubled on long-dated bonds. 30Y yield fell 8bp. Moderna doubled on a melanoma vaccine. FOMC: "several favored raising rates." Walmart tomorrow.
Aug 19, 2026
Semis fell 5.5%. SanDisk and Marvell each dropped 9%. Home Depot beat but the market didn't care. Yields are doing the Fed's job.
Aug 18, 2026
The Dow dropped 270 before recovering half. Home Depot tomorrow. Walmart Thursday. The consumer test starts now.
Aug 17, 2026
Retail sales fell the most in nine months. Sentiment crashed to 51. The S&P still posted its third straight weekly gain. But the Strait is down to two ships a day.
Aug 14, 2026
PPI flat — below expectations. CPI in line yesterday. Two soft prints in two days. September hike at 35%. Oil down 2%. Record.
Aug 13, 2026
Exactly in line. No surprise. CoreWeave +19%. Super Micro +19%. The hike stays in December. The AI buildout is still accelerating.
Aug 12, 2026
