Laura Romera Martinez @Hendermith: "☕📈 HENDERMITH MORNING BRIEF Monday, August..."

Spain

☕📈 HENDERMITH MORNING BRIEF Monday, August 10, 2026 Good morning, investors. Markets begin the week near record levels after Friday’s surprisingly weak U.S. employment report pushed investors to reassess the outlook for monetary policy. The economy lost 23,000 jobs in July, while previous months were revised lower, reducing expectations for another Federal Reserve rate increase. The S&P 500 nevertheless finished Friday at a record high, supported by strong corporate earnings and renewed strength in technology. This week, attention moves from employment to inflation. With valuations elevated, the balance between resilient earnings, softer labour conditions and persistent price pressures will be central to market sentiment. 🌍 Today’s Perspective • Monday’s U.S. macro calendar is relatively quiet, giving markets time to digest Friday’s labour-market surprise and reposition ahead of the week’s major releases. • July CPI arrives on Wednesday, making inflation the principal macro catalyst of the week. An unexpected acceleration could quickly reshape expectations for the Federal Reserve. • Oil and geopolitical developments remain important as uncertainty around the Strait of Hormuz keeps energy markets sensitive to headlines. • Earnings season continues, with results from companies including Cisco and Applied Materials later this week providing another perspective on enterprise technology and AI infrastructure demand. 💭 Today’s Thought Markets can change their expectations overnight. A disciplined investment process should change only when the underlying facts change. Long-term compounding is built on patience, quality and consistent capital allocation—not on predicting every market reaction. Have a great Monday, and thank you for joining me for another HENDERMITH MORNING BRIEF. For informational purposes only — not investment advice. Laura 📡 On my radar $MSFT (Microsoft) • $GOOGL (Alphabet Inc Class A) • $VRT (Vertiv Holdings Co) • $ETN (Eaton Corp PLC) • $VUSA.NV (Vanguard S&P 500 UCITS ETF)

Not investment advice. The author may have financial interests in the mentioned instruments.