Closing Market Recap — Thursday, August 13, 2026
Closing Market Recap for Thursday, August 13, 2026. How the day closed: indexes, leaders, laggards, and volatility.
CAMS Research Desk
Desk Note — Equipment Demand Holds · Aug 13
Applied Materials’ record quarter and Q4 outlook support the equipment-demand test behind the AI-infrastructure thesis.
Midday Market Check — Thursday, August 13, 2026
Midday Market Check for Thursday, August 13, 2026. Where the session stands: breadth, sectors, and what moved.
Morning Market Brief — Thursday, August 13, 2026
Morning Market Brief for Thursday, August 13, 2026. Index futures, the overnight tape, and the calendar that matters today.
LLY Research Note — Share Lead Meets Valuation
Lilly’s Q2 revenue rose 48% as category share widened, leaving paid access and recurring margins as the next valuation tests.
LLY Deep Coverage Review — Analysis as of August 13, 2026
Lilly’s market-share lead and oral pipeline support growth, but recurring margins must justify a valuation near 41 times trailing earnings.
Market Structure: Breadth Meets Three Tests — August 13, 2026
Broad participation supports the tape, while PPI, the 30-year auction and AMAT earnings test rates, margins and concentrated AI exposure.
GLD Research Note — Gold Hedge Faces Its Test
GLD’s hedge case improved as labor weakened and energy inflation rose, but the five-day rebound left the tactical setup exposed to real yields and geopolitics.
GLD Deep Coverage Review — Analysis as of August 12, 2026
GLD has a credible strategic hedge role, while rising real yields and possible Hormuz de-escalation keep the tactical evidence mixed.
Closing Market Recap — Wednesday, August 12, 2026
Closing Market Recap for Wednesday, August 12, 2026. How the day closed: indexes, leaders, laggards, and volatility.