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Oil Spikes, AI Capex Booms: Markets Brace for CPI Showdown

Oil Spikes, AI Capex Booms: Markets Brace for CPI Showdown

Sina Published August 11, 2026 Updated August 11, 2026 0

Market Context

Brent nears $90 on Hormuz tensions while JPMorgan lifts its S&P target on AI spending. Wednesday's CPI print could decide which story wins — here's the setup, including a Brent trade idea and key technical levels.

Newsletter – August 11, 2026
Market Analysis & Trading Insights
August 11, 2026

Market Overview

Tuesday's tape is caught between two competing stories: an AI infrastructure spending boom that keeps refreshing bullish index targets, and an oil-driven inflation scare that has bond yields and the dollar firming into Wednesday's CPI print. JPMorgan pushed its 2026 S&P 500 target to 8,000 on the back of accelerating cloud growth at Amazon, Microsoft and Alphabet [1][2], and Nvidia's $500B financing tie-up with Goldman Sachs, Apollo, BlackRock and others reframes GPUs as bankable infrastructure rather than just a capex line item [3][4]. That's the bull case, and it's a real one given hyperscaler spending plans running into the trillions through…

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