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

Spain

☕📈 HENDERMITH MORNING BRIEF Thursday, August 13, 2026 Good morning, investors. Markets enter Thursday on firmer ground after Wednesday’s U.S. inflation data eased some concerns about another near-term Federal Reserve rate increase. July consumer prices rose 0.1% month-on-month, while technology and AI-related shares helped the S&P 500 and Nasdaq finish higher. Today’s attention remains firmly on inflation, but the focus moves upstream—from prices paid by consumers to the costs faced by businesses. 🌍 Today’s Perspective • July Producer Price Index (PPI) is today’s key U.S. macro release. Markets will examine both headline and underlying producer inflation for signs of emerging cost pressures. • Weekly Jobless Claims will provide another timely reading on labour-market conditions following the recent signs of softer employment growth. • Treasury yields and the U.S. dollar remain important signals as investors reassess the probability of a September Fed move following yesterday’s CPI report. • AI infrastructure remains a source of market strength, but elevated valuations reinforce the importance of distinguishing durable earnings growth from short-term enthusiasm. 💭 Today’s Thought Markets constantly adjust expectations as new information arrives. Long-term investors have a different advantage: they can remain focused on business quality, valuation and capital allocation while allowing temporary market narratives to change around them. Have a great Thursday, 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.