Market 08/12: How Good Was July CPI?

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Top stories:

• Trump threatens Iran, 1 million barrels of oil exit Hormuz

• July CPI inflation cools in line with forecasts

• Is the Treasury Basis Trade Heating Up Again?

• Trump weighs capital gains tax cut

• US oil inventories unexpectedly surged, SPR continues to be drawn

• 30-year Mortgage rates fall after 6 weeks

• $42 billion 10Y bond auction solid

• Grok 4.6 launches with pricing unchanged

• SMCI: Earnings and full-year guidance beat expectations

• CoreWeave: Strong growth, raises guidance

• Nebius: AI Cloud drives revenue above expectations

• Market: Semis soar, CPI beats but still just rotation