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Good morning!
I have a really interesting webinar coming up Thursday, August 8, that you won't want to miss, Securing Tomorrow: Unleashing the Power of Cybersecurity Investments. I'll be talking about the explosive growth of opportunities in the cybersecurity
space. With the complexity of securing data surging thanks to cloud computing, remote work, and defense technologies, there's a strong and growing demand for digital security services. You won't want to miss this.
Can't make it? Register anyway to receive a link to the webinar after it concludes so you can watch it at your leisure. Feel free to share this invite with anyone you know who you think could use some expert insights into investments in cybersecurity.
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Thursday, Aug 8 @ 10 a.m. PDT
RSVP now to join live or
watch it later at your convenience!
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Last week's wide swings in the market―an early-week rally followed by later weakness in the tech sector―were overshadowed by CrowdStrike's calamitous software update and subsequent lock-up of Microsoft's Windows software. Now, Wall Street is expecting extended market volatility from the sudden announcement of President Biden's withdrawal from November's election. Top it off with new numbers from the Fed's favorite inflation gauge, and you've got quite an
interesting week. Here's what's happening...
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Have cash or cash equivalents earning nothing or next-to nothing? It's a great time to invest in U.S. Treasury Bills, a short-term investment with little risk and easy liquidity. We'll post current rates of return here each Tuesday. Want to put your money to work? Call your advisor today! | | |
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Earnings season kicks in to high gear this week, with almost 850 companies reporting, including some Magnificent 7 members as well as a handful of high-profile defense tech companies. This morning, numbers are expected from Coca-Cola, Texas Instruments, GE Aerospace, Philip Morris, Comcast, UPS, Lockheed Martin, and Moody's, but the really big guns are saving their bullet points for after the close of markets, when Alphabet (Google), Tesla, and Visa report. On Wednesday, earnings are due for IBM, AT&T, Boston Scientific, Waste Management, and Chipotle, followed Thursday by AbbVie, Lloyds Banking, Union Pacific, Unilever, Honeywell, Northrop Grumman, Stellantis, Norfolk Southern, and Pacific Gas & Electric. The busy earnings week wraps up Friday with reports from Bristol-Myers Squibb, Aon, 3M, Charter Communications, and T. Rowe Price. *
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Investors are assessing the potential fallout from President Biden's exit from the presidential race. Wall Street sees the move as eroding the odds of former President Trump's return to the White House and could prompt a slight unwinding of recent "Trump trade" bets on assets seen as benefiting from a second Trump presidency. Those include Bitcoin, bank stocks, and higher U.S. bonds. So far, markets appear nonplussed, but the political shock could inject more volatility into a battered stock market, with the S&P 500 and tech-heavy NASDAQ coming off their worst weekly losses since April. **
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On Friday, the U.S. Bureau of Economic Analysis releases the PCE (Personal Consumption Expenditures) price index for June. Core PCE, which strips out food and energy prices, is what the Fed focuses on when considering any rate cuts. It's expected to rise 2.5% after gaining 2.6% in May, still at its lowest level since March 2021. Friday's numbers are the last update on inflation before the Fed's next meeting in late July. ***
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The financial advisors at Miramontes Capital diligently keep up with anything that can impact our clients' finances and tap into more than 175 years of combined investment experience. We do our all to keep your money protected and growing. If you think you might benefit from our financial experience and oversight, contact us today for a FREE, no-obligation consultation. Just call (800) 460-1595. Until next week... | |
Investment Advisory Services offered through Miramontes Capital, LLC. Securities offered through Balanced Security Planning, Inc. Member FINRA/SIPC. Miramontes Capital, LLC and Balanced Security Planning, Inc. are separate companies affiliated through common control. This newsletter is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Miramontes Capital, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Miramontes Capital, LLC unless a client service agreement is in place. | | | | |
