Wednesday, August 12, 2026

Market Regime: MILDLY BULLISH QNTM's regime engine reads today's tape as constructive but not exuberant — consistent with a VIX near 15.4 and a modest pullback in crude to $83.70, suggesting the Middle East risk premium is cooling into the CPI print.

Conviction: 49.6/100 Roughly at the midpoint of QNTM's scale, with only 2.4% of the 1,422-name universe scored "high conviction" — a signal of a stock-picker's market rather than a broad, high-confidence rally.

On the calendar today July CPI hits at 8:30 a.m. ET, following a weaker than expected July jobs report, with investors focused on inflation as the Fed considers the appropriate level for interest rates . Earnings include Cisco, Nebius, and Cerebras Systems.

Overnight & premarket

US stock futures drifted higher as investors braced for the CPI data; Dow futures rose 0.2%, S&P futures edged up 0.3%, and Nasdaq-100 futures gained 0.7% . CoreWeave climbed 18% on narrowed losses, and Super Micro Computer surged 9% on an earnings beat , per premarket reports.

What to watch 1) The CPI print itself — any surprise on core inflation could quickly reprice Fed-cut odds. 2) Follow-through in AI/cloud names (CoreWeave, SMCI) after big premarket earnings moves. 3) Oil's reaction if Middle East headlines shift further — WTI near $84 remains a swing factor for energy and inflation-sensitive sectors.

Research/education only — not investment advice.