Premium Subscriber Insights: SPR Exclusive Insights (Delayed Release)
Date: Wed, Aug 12, 2026 at 6:04 AM
Subject: U.S. Market Update: Weakening Buying Momentum Ahead of CPI & PPI
Dear SPR Premium Subscribers,
Today, the U.S. equity market received several developments regarding the reopening of the Strait of Hormuz. However, there is still no clear and confirmed agreement between the United States and Iran to reopen the Strait, while oil prices continue to remain at elevated levels.
With CPI and PPI data scheduled to be released on Wednesday and Thursday, respectively, investors are maintaining a cautious stance ahead of the inflation data. As a result, buying momentum remained relatively weak throughout today’s session.
The sharp increase in buying momentum we saw last week was primarily driven by two factors: the sharp decline in oil prices following reports that an agreement to reopen the Strait of Hormuz was imminent, and expectations for a more favorable interest-rate environment following weaker-than-expected employment data and easing inflation concerns.
However, the key factor supporting that strong buying momentum—the expected reopening agreement—has still not materialized. As a result, investor confidence is gradually weakening, and buying pressure has begun to lose momentum.
Accordingly, our short-term daily outlook has also weakened compared with our previous expectations.
CPI and PPI could trigger increased volatility on Wednesday and Thursday. However, based on the buying and selling flows observed so far, unless a sharp directional move develops from the opening, we expect the market to remain within a relatively mixed and range-bound trading pattern through Wednesday and Thursday.
From Thursday into Friday, however, buying momentum could begin to strengthen again, potentially leading to the start of another upward move. If the market successfully transitions upward within the expected range, the short-term upward momentum could continue through approximately next Wednesday.
That said, compared with our previous daily outlook, the expected strength of the upward move has weakened considerably. The market has also entered the range projected by our weekly outlook somewhat earlier than previously anticipated.
Therefore, we currently view the market less as being in the process of establishing a strong new uptrend and more as being in a rebalancing phase, in which buying and selling pressure are being recalibrated while investors await confirmation from the inflation data and developments surrounding the Strait of Hormuz.
Going forward, it will be important to monitor not only the CPI and PPI results, but also whether oil prices actually stabilize and whether negotiations between the United States and Iran produce tangible and verifiable progress.
For now, the market remains within the range outlined in our existing weekly outlook. If we identify any meaningful changes in buying or selling pressure that could alter the current outlook, we will provide an updated analysis accordingly.
If you have any questions regarding this analysis, please feel free to contact us at any time.
Thank you.
SPRㅣ Stock Pretiming Report team.
All forecasts are probabilistic and subject to change as market conditions evolve. Investment decisions remain solely the responsibility of each investor.)
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