Daily Briefing — August 10, 2026 | Inflation Takes Over, With Rate-Cut Optimism Riding on the Outcome

<p>After the best week for US stocks since April, driven by a surprising July jobs decline that slashed September rate-hike odds from 55% to 42% overnight, attention shifts fully to this week&#39;s inflation data. We cover the genuinely mixed forecasts heading into Wednesday&#39;s CPI report, oil&#39;s climb this morning on renewed uncertainty over the Strait of Hormuz, and a Deutsche Bank strategist&#39;s framing of how the Iran negotiation question has shifted from whether a deal happens to what its final terms will actually look like. We preview CoreWeave&#39;s earnings later this week as the latest test of whether AI infrastructure spending is converting into durable profit, alongside Applied Materials&#39; report from the supply side of that same story, and cover Bank of America&#39;s bullish sentiment survey and Fundstrat&#39;s Tom Lee sticking with his call for the S&amp;P 500 to reach 8,000. We close with what to watch in gold and silver this week, and a note on Rheinmetall&#39;s guidance cut. This episode is for informational purposes only and does not constitute financial, investment, legal, or tax advice.</p>