Next Day Prep #294: From Cautious to Almost Bullish: Inside the One-Day Reversal – Monday 8/3/2026

Episode summary

A sharp intraday reversal pushed breadth from 54.5% to 60.87% above the 40-day, with the S&P, Nasdaq, and Dow all hitting records after Iran de-escalation calmed oil and bond markets. The hosts break down why this looks like relief-driven strength rather than a fundamental re-rating, dig into single-stock surprises from Sally Beauty and Marriott, and preview AMD’s after-hours print as the real test of whether the rally holds.