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Inflation Cooled.The Structure Finally Confirmed Risk-On.

Softer CPI and PPI readings lowered the immediate Fed tightening risk and helped U.S. equities recover from an early-week pullback. AI infrastructure earnings remained strong, while rising oil and a sharp slowdown in retail sales left the market balancing better inflation data against a softer growth impulse.

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Aug 15, 2026

The Rally Broadened.The Structure Has Not Fully Confirmed Yet.

Falling oil, softer Treasury yields, strong earnings, and a sharp downside surprise in July payrolls pushed U.S. equities higher. Breadth improved with the index, but AQPulse still classifies the tape as repricing rather than a fully confirmed risk-on regime.

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Aug 9, 2026

AI Earnings Repaired The Index.The Structure Did Not Fully Repair.

Microsoft and Amazon proved that AI infrastructure spending can generate revenue, reversing a violent semiconductor drawdown. But long-end yields, oil risk, and weakening participation left the market in fragility rather than a clean risk-on regime.

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Aug 2, 2026

Oil Returned As A Policy Risk.AI Spending Failed The Earnings Test.

The S&P 500 slipped modestly, but the Nasdaq 100 weakened as oil, Treasury yields, and the dollar rose while investors punished high-capex AI stories. Equal-weight and mid-cap resilience kept the tape in repricing, although defensive rotation switched on.

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Jul 26, 2026