Inflation cools but stays stubborn
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What did the July CPI report reveal about inflation trends?
Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. Good afternoon, today is Wednesday, August 12th, and I'm your host, Kim Kahn. Our top story so far. July's retail inflation numbers arrived right in line with expectations, cooling slightly but still well above the Federal Reserve's 2% target. The CPI rose 0.1% on the month and 3.4% annually, slowing from June's 3.5% and in line with the consensus. The index for shelter rose zero point one percent, making up about two thirds of the monthly headline increase.
How is CoreWeave’s revised FY‑26 outlook influencing AI‑infrastructure stocks?
Core CPI rose zero point two percent in July month on month, matching the consensus and up from a flat reading in June. That translates to two point five percent annually. Seeking alpha analyst Justin Purit says the report gives the Fed some additional time in reaching any semblance of consensus, but doesn't change the broader inflation trajectory. Strategist Charlie Biello noted that this is the 65th month in a row that headline CPI has been above 2%. After the print, odds of a hike in the September FOMC meeting dipped to 43% for 48%. with a lack of forward guidance under the new Fed regime leaving traders hedging likely outcomes. Janne's strategist Git Labas says we're now in a no cut, no hike economy, but it would be good for markets for Fed Chairman Kevin Warsh to come out and say so.
Why is Domino’s launching a logo‑shaped Detroit‑style pizza and what does it mean for sales?
Among active stocks, Core Weave is up more than fifteen percent after the AI infrastructure solutions provider raised its twenty twenty six revenue and adjusted operating income outlook. The company now expects revenue between twelve point four and thirteen point two billion dollars, up from its prior forecast of twelve to thirteen billion. The consensus is twelve point seven four billion. Supermicrocomputer is higher as the AI server makers Q1 EPS guidance of between a dollar and a penny and one ten handily topped the seventy-two cent analyst consensus. And HR Block is rallying after fiscal Q4 earnings beat Wall Street Consensus by a wide margin and the company issued bullish twenty twenty seven guidance.
HR Block expects full year adjusted EPS of six hundred four to six twenty four, well ahead of the five eighty six consensus. The tax prep company also announced a ten percent increase in its quarterly cash dividend to forty six cents. In other news of note, Domino's Pizza announced a new individual sized Detroit style pizza called the Domino, scheduled for a nationwide launch on august thirty first. The pie is deliberately shaped like Domino's well known logo and cut into two slices.
What is driving the recent gold price surge and the so‑called “gold reset”?
Customers can select a sauce and up to three toppings, while the pizza includes Parmesan encrusted pando, two layers of cheese, and garlic seasoning. Cohen analyst Andrew Charles said his firm likes the pizza's inclusion in the $6.99 Mix and Match platform, which should curb the risk of degrading average ticket. But he questioned whether the item is priced low enough, giving consumers can purchase a medium pizza instead. The pizza chain operator says the format is meant to address modern pizza occasions, which must mean you can share a little with your AI BFF. And in the Wall Street Research Corner and Spot Gold has rebounded to forty four hundred dollars an ounce, its highest level since june fifth, while trading above its one hundred day moving average for the first time in recent sessions.
The recovery has forced computer driven trading funds to completely change their strategy, creating what Nomuris Charlie McGellicott calls a gold reset. Just weeks ago these automated models were betting against gold. Now they flip their positions, pouring an estimated one point five billion dollars into the market.
How might the latest inflation data affect Fed policy and future rate‑hike odds?
And if gold crosses the five thousand fifty six dollar threshold, these funds are projected to go full tilt, maximizing their bullish bets. That's all for today's Wall Street Lunch. Look for links for stories in the show notes section. Don't forget, these episodes will be up with transcriptions at seekingalpha.com slash WSV. And make sure you're getting the most out of your portfolio with quant news and analysis by heading to seekingalpha.com slash subscriptions.
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Chapters
5 chapters
1
What did the July CPI report reveal about inflation trends?
0:02–0:36
2
How is CoreWeave’s revised FY‑26 outlook influencing AI‑infrastructure stocks?
0:36–1:22
3
Why is Domino’s launching a logo‑shaped Detroit‑style pizza and what does it mean for sales?
1:22–2:27
4
What is driving the recent gold price surge and the so‑called “gold reset”?
2:27–3:24
5
How might the latest inflation data affect Fed policy and future rate‑hike odds?
3:24–3:49