Next Day Prep #299: Flat Index, Fractured Market: The Breadth Crack Behind a Quiet Tape – Monday 8/10/2026

Episode summary

The S&P closed nearly flat, but breadth quietly collapsed from 64.7% to 57.22% as an Iran headline sent oil surging and triggered a sharp rotation into energy and out of rate-sensitive sectors. The team breaks down why crowded semis fell on bullish news, which energy breakouts had real volume confirmation, and how to position ahead of Wednesday’s CPI print.