Market Pulse
auto-generated · 2026-08-13Cautious risk-on: equities grind higher on in-line inflation despite a 4.68% 10-year
Fundamental
- July CPI at 3.4% annual, up 0.1% monthly, keeps the Fed on hold rather than cutting soon.
- Cisco$123.88▲2.9%'s 18% revenue growth and Cerebras' raised guidance both met selling — AI expectations now exceed blowout results.
- July's deficit, worst since March 2021, pushes fiscal-year red ink near $1.8 trillion and underpins the 4.68% 10-year.
Technical
- Breadth confirms: 88% of tracked indices above both 50- and 200-day averages while the S&P 500$7,748.50▲0.3% adds 0.26%.
- Russell 2000$3,045.48▲0.6% up 0.61% and Nasdaq$26,588.49▲0.5% up 0.54% beat the flat Dow — no defensive tilt in the tape.
- Leadership is broadening beyond tech: Energy +7.16% and Health Care +6.41% over the month lead the S&P 500$7,748.50▲0.3%'s 2.72%.
Sentiment
- Fear & Greed at 62 sits in greed but not extreme, up from 47 a month ago and 60 last week.
- VIX$14.55▼4.8% at 14.55, down 11.8% on the month, shows complacency priced in — thin cushion for a growth shock.
- Burry's short against Oracle$153.28▲5.4% and skepticism on chip backlogs are healthy dissent, not yet a sentiment turn.
Stance
- Tape and breadth favor staying engaged, but a 4.68% 10-year caps multiple expansion — don't fight the Fed.
- Sell-the-news reactions in Cisco$123.88▲2.9% and Cerebras argue for trimming crowded AI exposure rather than chasing strength.
- Hormuz traffic 90% below normal keeps an energy shock tail risk live; size positions for that possibility.
Major Indices — % change
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Sentiment
CNN Fear & Greed66 · Greed
1w ago 59 · 1mo ago 41 · 1y ago 63
VIX14.63 · Low
Breadth
Above 50-day average88%
Above 200-day average88%
8 major equity indices tracked — a free approximation of breadth, not a proprietary composite.Sector Performance
Sector Performance — % change
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Commodities — % change
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