Morning Dose #330: Oil Spikes, Breadth Breaks: Trading a Cautious Monday – Monday 8/31/2026

Episode summary

Crude surges after a Strait of Hormuz strike, seemingly validating the Fed’s inflation warnings and flipping rate-hike odds back on. Underneath Friday’s calm rally, breadth quietly collapsed, leaving a narrow, defensive market where traders are told to stay selective ahead of Friday’s jobs report and a wave of earnings.