What a Hot CPI Print Could Mean for the Markets
Schwab Network
|
February 13, 2026 at 01:47 PM UTC
Neutral
90% Confidence
Watch on YouTube
Key Points
- Futures are lower, with selling pressure in Big Tech, commercial real estate, and financials, attributed to seasonal de-risking and technical rollovers.
- January CPI print is highly anticipated, with a wide range of expectations (Street: 0.3% MoM, Cleveland Fed: 0.12% MoM), potentially leading to significant market volatility.
- Applied Materials (AMAT) and Arista Networks (ANET) reported strong earnings, beating revenue and EPS estimates, driven by AI-related demand and data center build-out.
- Coinbase (COIN) beat adjusted EPS but missed revenue, facing headwinds from decelerating crypto trading volume, though services revenue showed growth.
- S&P 500 levels to watch are 6900 (upside) and 6700 (downside), with an implied 1.33% move, and a VIX spike to 25-26 could signal capitulation.
AI Summary
The discussion covers futures market sentiment, upcoming January CPI data with differing analyst expectations, and recent earnings reports from Applied Materials, Coinbase, and Arista Networks. While some market segments show selling pressure, strong demand in AI-related tech and potential for a lighter inflation print could shift sentiment.
Model Analysis Breakdown
| Model | Sentiment | Confidence |
|---|---|---|
| Gemini 2.5 Flash | Neutral | 90% |
| Consensus | Neutral | 90% |