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

Spain

☕📈 HENDERMITH MORNING BRIEF Tuesday, August 11, 2026 Good morning, investors. Markets enter Tuesday cautiously after Wall Street edged lower on Monday, with renewed uncertainty surrounding U.S.–Iran negotiations and the Strait of Hormuz putting energy prices back in focus. After a powerful technology-led rally, investors are also becoming more selective as valuations remain elevated and enthusiasm around AI continues to support the broader market. The central question today is whether geopolitical pressure and higher energy costs can disrupt the otherwise constructive combination of strong corporate earnings and long-term AI investment. 🌍 Today’s Perspective • Oil prices have moved higher as negotiations over reopening the Strait of Hormuz remain unresolved, keeping inflation expectations and geopolitical risk firmly on the radar. • Markets are positioning ahead of the next U.S. inflation reading. The July CPI is scheduled for Wednesday, making tomorrow’s report the week’s key macro catalyst rather than today’s session. • Strong second-quarter earnings continue to provide fundamental support to equities, particularly among companies benefiting from cloud and AI investment, even as elevated valuations leave less room for disappointment. • Treasury yields, the dollar and energy prices remain important signals as investors balance softer labour-market data against renewed inflation risks. 💭 Today’s Thought Strong markets can create urgency, but disciplined investors don’t need to chase them. The objective is not to participate in every move—it is to allocate capital where quality, valuation and long-term return potential remain aligned. Have a great Tuesday, 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.