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

Spain

☕📈 HENDERMITH MORNING BRIEF Friday, August 7, 2026 Good morning, investors. Markets enter Friday on a more cautious footing after U.S. equities declined on Thursday and Treasury yields moved higher. With much of earnings season now behind us, attention has shifted decisively toward the economy—and today’s U.S. employment report is the week’s main event. The question is not simply whether hiring remains strong. Investors will be looking for a labour market that is cooling gradually enough to ease inflation pressures without signalling a meaningful deterioration in economic activity. 🌍 Today’s Perspective • The July U.S. Employment Situation takes centre stage today, including Nonfarm Payrolls, the unemployment rate and average hourly earnings. • Wage growth will be particularly important because persistent labour-cost pressures could influence expectations for the Federal Reserve’s next policy moves. • Treasury yields and the U.S. dollar may react quickly as markets reassess the balance between employment resilience, inflation and future interest rates. • After a busy earnings week, attention returns to the broader question that matters for long-term investors: whether economic conditions remain supportive of sustainable corporate growth. 💭 Today’s Thought Economic data can change market expectations in minutes, but a long-term investment thesis should change only when the underlying fundamentals change. Discipline means knowing the difference between new information and temporary noise. Have a great Friday, 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.