Morning Dose #315: Bad News, Good Rates: Breadth Explodes Into CPI – Monday 8/10/2026

Episode summary

Markets cool off record highs as traders digest a shockingly weak jobs report that’s paradoxically boosting rate-cut odds. Breadth is accelerating fast, small caps are tripling mega-cap growth, and valuations have actually gotten cheaper despite the records — but everyone’s holding their fire until Wednesday’s CPI print.