Google and Apple just picked a better decade

Oil looked poised to break out today but could not clear the trendline. At least for now, oil bulls will have to wait and see if the market can gather enough momentum tomorrow to finally push through.

July inflation data was slightly better than expected. Both overall and core (ex-food-and-energy) prices increased 0.2% MoM. The headline CPI print marked the first sub-3.0% reading since March 2021.

Market conditions continue to favor value, high-dividend and quality stocks