
Reassured By Cooler July CPI? This Chart Points To A Rate Hike
July CPI came in at 0.1% monthly and 3.4% annually, and markets cut the odds of a September hike. In my view the tightening risk did not go away.
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July CPI came in at 0.1% monthly and 3.4% annually, and markets cut the odds of a September hike. In my view the tightening risk did not go away.

Harrow is upgraded from Hold to a cautious Buy, driven by Q2 executional improvements and better visibility on operating leverage. VEVYE's revenue and economics have improved, while IHEEZO delivered record demand despite reimbursement headwinds, supporting the growth thesis. I model $490M in 2027 revenue and a 4.5x EV/sales multiple, yielding a $52 price target—about 33% upside from current levels.

Luigi Mangione is expected to plead guilty Friday in his federal criminal case, where he is charged with stalking in connection with his alleged killing of UnitedHealthcare CEO Brian Thompson on a midtown Manhattan street in 2024, The New York Times reported. Mangione is scheduled to appear in U.S. District Court in Manhattan on Friday for a pretrial conference with Judge Margaret Garnett, which was requested in a court filing on Tuesday by both prosecutors and defense lawyers.

Crypto companies are increasingly building businesses that don't depend on crypto booming forever. In this episode of The Daily Wolf, Scott Melker explains why Wintermute is spending $1 billion to expand into traditional markets and AI, as weaker crypto trading volumes push major companies toward new sources of revenue.

A trio of emerging economic forces could boost global production of electric vehicles with implications for oil, power and metal markets, a report from Wood Mackenzie said on Thursday.

Next week will bring a fresh batch of economic data, including the July Federal Open Market Committee (FOMC) meeting minutes and the U.S. Manufacturing Purchasing Managers' Index (PMI).

Sky Harbour Group Corporation reported improved Q2 '26 profitability metrics, yet remains unprofitable on a GAAP basis. SKYH's unique airport hangar leasing model shows operational scale, with campus profit more than doubling year-over-year and occupancy at 83.7%. Profitability at the campus level excludes depreciation and interest, masking true long-term returns; including these, adjusted profit is near breakeven.

Why oil prices have not super-spiked despite the ongoing Strait of Hormuz standoff. Wall Street's top energy stock picks heading into the fall.

Equities are trading at historically high Shiller PE ratios (~42x), signaling elevated valuations and compressed long-term return expectations. With S&P 500 dividend yields near all-time lows (~1%), the expected return remains dependent on elevated PEs, while with high interest rates (~5%), the equity risk premium has turned negative.

July's back-to-back cooler CPI and PPI readings slashed September rate-hike odds from 55% to 32%, forcing investors to rethink hawkish Fed positioning. Despite Strait of Hormuz headlines spiking crude, monthly average oil prices fell, but gasoline has already climbed from $3.87 to $4.07 since July.

The CPI rose 3.4% year over year in July and was touted as a slowing of inflation. It is still below a target set long ago by the Fed, which is about 2%. The July figure is viewed as a possible block to the Fed raising rates. However, what is inflation and what is not ends up in the eye of the beholder.

Markets moved moderately to the upside. Cerebras and Cisco shares tumble after earnings.

SpaceX is planning a Texas natural gas plant to power a new chip facility, while gas turbines are already being used for campuses in Tennessee and Mississippi.

Cheniere Energy lifts 2026 EBITDA and production guidance as higher LNG volumes, margins and project progress boost results.

Massive spending on data centers and AI infrastructure can benefit “HALO” companies: hard assets, low obsolescence.