Morning Dose #321: Oil Spikes, Yields Break Out: Chips Lose Their Cushion – Tuesday 8/18/2026

Episode summary

A missile strike in the Strait of Hormuz and a collapsed Iran ceasefire send oil toward $85 and 30-year yields to a 2026 high, cracking the semiconductor shock absorber that held Monday’s selloff together. The hosts break down deteriorating breadth, a bearish bull-bear flip, and lay out a First Hour Pass playbook centered on energy names COP and FANG.