Morning Dose #316: Coin Flip Tape: Oil, Chips, and the CPI Countdown – Tuesday 8/11/2026

Episode summary

Oil spiked and semis got flushed, but the major indices barely budged as a late headline on U.S.-Iran talks flipped futures green overnight. With breadth deteriorating and leadership narrowing into energy, metals, and financials, the desk lays out a cautious First Hour Pass playbook ahead of tomorrow’s critical CPI print.