Good morning!

In case you missed it, here's a link to last week's seminar about opportunities in the cybersecurity and tech defense industries. 

Last week was a wild one for the markets. After panic hit last Monday, markets course corrected later in the week as new data on weekly unemployment benefits cooled fears that the U.S. economy was rapidly spiraling toward a downturn. This week, earnings from several retail heavyweights should provide key insights into consumer spending trends heading into fall. Here's what's happening... 

• This week, retail sales are in the spotlight, and earnings this week could help define results for the Q2 season. This morning, numbers are due from Home Depot, followed Wednesday by Cisco Systems, UBS, and Cardinal Health. Thursday is the biggest day of the week, with earnings from Walmart, Alibaba, Applied Materials, John Deere, JD.com, and Ross Stores, followed by a very light Friday. *

• More key inflation data hits this week, heralded by Wednesday's CPI (Consumer Price Index) numbers for July. Analysts expect data to show inflation accelerated 0.2% on a monthly basis but remain unchanged from a month ago at 3.2%. Core CPI, which excludes the volatile food and energy products, is expected to have moved from 0.1% to 0.2% while falling from 3.3% to 3.2%. Annual Core CPI is expected to have slowed to 3.2% from 3.3% in June. **

• Thursday's U.S. retail sales numbers for July are expected to show the consumer spending dropped from 0.4% in June to 0.1% in July. Overall, retail sales are expected to move from 0.0% in June to 0.4%. ***

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.