Trump Claims Hormuz Control as US-Iran Deadlock Continues | The Pulse 8/12/2026
Speakers
Neil Campling
— Tech/TMT Analyst
Matheus Dibo
— Goldman Sachs Private Wealth Global Head of Tactical Asset Allocation
Will Kennedy
— EMEA News Director, Bloomberg
Matt Bloxham
— Head of Research, The Block
Summary
Strong AI infrastructure earnings and a bullish US equity call from Goldman Sachs lift sentiment, while crude oil extends gains on doubts over a US-Iran Hormuz deal. Markets await a key US CPI print that could drive tactical moves in bonds.
- CoreWeave and Super Micro results boost AI spending optimism and tech stocks.
- Oil climbs for a sixth day as US-Iran negotiations over the Strait of Hormuz remain deadlocked.
- Goldman Sachs strategist recommends buying US equities at record highs, citing broad-based earnings strength.
- Markets anticipate a US CPI release that may trigger a short-covering rally in Treasuries.
- South Korea’s sovereign wealth fund will focus on Series B companies, not large chipmakers like Samsung or SK hynix.
- President Trump signs an executive order to space out childhood vaccinations, raising public health concerns.
- Tencent earnings slightly miss net income but beat sales; it is stepping up AI compute procurement.
- Russia-Ukraine drone attacks on grain and oil facilities threaten wheat and fuel supplies.
Ideas
Wall Street funding reduces NVIDIA risk
A Wall Street funding commitment for AI data centers dilutes the circular funding risk for NVIDIA, easing concerns that it was backstopping investments by SoftBank and OpenAI on its own.
Buy US equities despite record highs
Clients should average into US equities despite record S&P 500 levels and expensive valuations because earnings growth is broad-based — 8 of 11 sectors posted double‑digit growth and the median company grew earnings 12% — and historically, all‑time highs and valuation extremes have not prevented strong forward returns.
Refiners benefit from Persian Gulf tightness
Persian Gulf oil refineries are unable to operate and export, causing real tightness in refined products like diesel and jet fuel; this is very good for refiners outside the region that are making very strong margins.
Up Next
This Bloomberg Markets video, published August 12, 2026, features Neil Campling, Matheus Dibo, Will Kennedy discussing NVDA, SPY, CRAK. 3 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Neil Campling, Matheus Dibo, Will Kennedy · Tickers: NVDA, SPY, CRAK