Episode 1390: Wednesday - August 12, 2026
Mixed Markets as CPI Meets Expectations and Fed Hike Odds Dip
Mixed Markets as CPI Meets Expectations and Fed Hike Odds Dip
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
Brian Szytel is the Co-CIO and Senior Managing Director of The Bahnsen Group.
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