The Trading Day · Wednesday, August 12, 2026

The counter-test gets paid — CoreWeave +16% overnight as Seoul melts up into CPI

Tuesday flipped Monday's rotation — semis bounced while software rested — and the vol complex kept compressing into the event.

The Morning 10

The counter-test gets paid — CoreWeave +16% overnight as Seoul melts up into CPI

  1. 1 CoreWeave & Lumentum — the overnight double print
  2. 2 ON Holding & monday.com — punished-print scoring
  3. 3 Semis vs software — Tuesday flipped Monday
  4. 4 Energy vs Real Estate — the sector split
  5. 5 Factor board — defensive rotation, official
  6. 6 Gold, bonds — and dollar-yen, the post-CPI tell that outranks the rest
  7. 7 Closelook indices — the agentic complex leads the month
  8. 8 Asia overnight — Seoul melts up, Tokyo confirms
  9. 9 Calendar: CPI at 14:30 CET — with Nebius inside the hour
  10. 10 Outside view — Gene Munster · Deepwater

Print-record cards of the day

  • COHR — Coherent: EPS beats 10/10 · revenue 6/10 · reactions 8 up / 0 flat / 2 down · next print 2026-08-12
  • CSCO — Cisco: EPS beats 10/10 · revenue 10/10 · reactions 5 up / 0 flat / 5 down · next print 2026-08-12

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