The Morning Dose
Morning Dose #318: Cooling Not Breaking: Soft PPI Sparks a Broadening Rally – Thursday 8/13/2026
0:006:16
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Episode summary
A soft PPI print and easing CPI reinforce the disinflation trade, sending rate-cut odds higher and breadth improving beyond just semis and AI. The hosts break down yesterday’s narrow-but-improving tape, the ‘good news isn’t good enough’ punishment of Cisco and Coherent, and lay out a selective, controlled-risk playbook ahead of today’s 1pm Treasury auction.