🔥US Stock Macro Outlook – Week of August 10–14, 2026

Monday, August 10

1. Bank of Japan releases Summary of Opinions from its July monetary policy meeting.
2. Rocket Lab, AST SpaceMobile, and Hims & Hers report after the close (key focus on commercial space and consumer health).
3. Unitree Technology begins STAR Market subscription (robotics sentiment watch).

Tuesday, August 11

1. U.S. ADP employment change for the week ending July 25 and July existing home sales.
2. ★★★★ Super Micro Computer (SMCI), CoreWeave, and Lumentum report after the close — key checks on AI server order conversion, data center ramp/power/financing costs, and 800G/1.6T optical module demand.
3. Sea and Tencent Music report pre-market; CAVA reports after the close.

Wednesday, August 12

1. ★★★★★ U.S. July CPI (consensus: headline +3.4% YoY vs. prior 3.5%; core +2.5% YoY vs. prior 2.6%; MoM ~+0.1% headline / ~+0.2% core). Most important macro release of the week after last week’s weak nonfarm; directly impacts September Fed hike pricing (currently ~44% probability).
2. Tencent Holdings reports (focus on games, advertising, fintech, and AI capex/Hunyuan progress).
3. ★★★★ Coherent, Cisco, and Nebius report (after-close / some pre-market) — testing AI networking and high-speed optical demand. API/EIA crude inventories plus IEA/OPEC monthly reports also due.

Thursday, August 13

1. U.S. July PPI and weekly initial jobless claims.
2. ★★★★★ SanDisk Investor Day (evening Beijing time) — focus on NAND supply/demand, capex, high-bandwidth flash (HBF) roadmap, and long-term margin targets; key for the storage sector.
3. Google Made by Google event (Pixel 11 series and wearables; deeper Gemini integration).
4. Fed officials Hammack and Barkin speak.
5. ★★★★ Applied Materials (AMAT) reports after the close — focus on wafer fab, DRAM, advanced packaging, and semi equipment spending guidance. JD.com.com, SMIC, Hua Hong and other China/semiconductor names also report.

Friday, August 14

1. ★★★★ U.S. July retail sales, August University of Michigan consumer sentiment preliminary, and 1-year inflation expectations — testing consumer resilience after the cooling labor market.
2. SEC 13F quarterly holdings disclosure deadline — watch large fund positioning in tech, energy, etc.

Core themes this week center on the July inflation “exam” (CPI following nonfarm, followed by PPI and retail sales to confirm costs and consumption), Fed official signals and the September policy path, plus dense AI infrastructure (CoreWeave, Lumentum, SMCI, Coherent, Cisco, Applied Materials) and storage (SanDisk Investor Day) earnings/events.

Note: After last week’s nonfarm surprise of –23k, rate-hike odds have cooled. Softer CPI/core readings plus resilient consumption would support soft-landing trades and growth stocks; hotter data could revive tightening pricing and pressure high-valuation names. Expect elevated volatility — watch data and AI guidance beats/misses closely.