Next Day Prep #298: Record Close, Cautious Verdict: Why CPI Decides Everything – Friday 8/7/2026

Episode summary

A weak jobs report sparked a rate-relief rally to a record S&P close, but breadth stopped just short of a Bullish upgrade. The hosts break down which stocks confirmed the move with institutional volume, which earnings stories bucked the trend, and why next week’s CPI print is the real decider for the regime.