Wednesday - August 12, 2026

On Wednesday, August 12, Brian Szytel reports a quiet, mixed market day as July CPI came in essentially in line with expectations, leaving stocks and bonds little changed (Dow flat, S&P up 0.25%, Nasdaq up 0.5%, 10-year unchanged). Headline CPI rose 0.1% month over month to 3.4% year over year, while core CPI rose 0.2%, with medical care, airfares, used vehicles, and shelter contributing. Fed September hike odds fell from about 50% to 42% ahead of upcoming PPI data and Jackson Hole. He notes inflation is moving in the right direction slowly, while employment signals are mixed (unemployment 4.1%, weaker JOLTS and slightly missed nonfarm gains). Addressing a question on baby boomers supporting children, he says wealth transfers are not money creation and are a “closed loop,” though lower labor force participation and skills could hurt productivity.

00:00 Market Recap

00:33 CPI Breakdown

01:43 Fed Outlook Ahead

02:30 Jobs And Softening Data

03:01 Boomer Wealth Question

04:07 Is It Inflationary

05:05 Wrap Up From Florida

Links mentioned in this episode:
DividendCafe.com (dividendcafe.com)

TheBahnsenGroup.com (thebahnsengroup.com)