Edition for Wednesday, August 5, 2026
Earnings season meets a hawkish undercurrent
The confluence of energy sector earnings and persistent inflation concerns suggests a cautious session, favoring defensive plays and continued dollar strength.
Our call:Markets should go down·65% chance we're right·confidence 80/100
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Opening Bell
SPX
-0.80%
↑ 35%
NDX
-1.20%
↑ 30%
DJI
-0.50%
↑ 40%
RUT
-1.50%
↑ 30%
VIX
+3.50%
↑ 70%
DXY
+0.30%
↑ 60%
The Editorial
The combination of persistent inflation concerns and a series of bellwether earnings reports is likely to drive market caution, favoring defensive sectors and a stronger dollar as rates remain a central theme.