In partnership with

Welcome Back,

Introducing a new section in the newsletter today - ‘Movers and shakers’ scroll below and let us know what you think of it! Should we keep it?!

Market Headlines 👀 

• US PPI data came in at 3.3% vs street expectations of 2.5%.

• US 30y mortgage rates hit lowest levels we have seen all year.

• US weekly jobless claims data comes in at 224k vs 225k est.

• US President Trump continues discussions with Intel and its CEO.

• Apple (AAPL) plans AI strategy around robots, home security and smart displays.

• United Health Group (UNH) Warren Buffet’s Berkshire Hathaway reports a new position in the insurance company last quarter.

• Amazon (AMZN) launches same day delivery of fresh foods in 1,000 cities.

Earnings 💸

• JD . com (JD)

  • EPS: ¥0.69 beats (exp. ¥0.44)

  • Revenue: ¥49.8b beats (exp. ¥49.6b)

• Cisco (CSCO)

  • EPS: $0.99 beats (exp. $0.98)

  • Revenue: $14.67b beats (exp. $14.62b)

A note from Pacaso 📣

Former Zillow exec targets $1.3T market

The wealthiest companies tend to target the biggest markets. For example, NVIDIA skyrocketed nearly 200% higher in the last year with the $214B AI market’s tailwind.

That’s why investors are so excited about Pacaso.

Created by a former Zillow exec, Pacaso brings co-ownership to a $1.3 trillion real estate market. And by handing keys to 2,000+ happy homeowners, they’ve made $110M+ in gross profit to date. They even reserved the Nasdaq ticker PCSO.

No wonder the same VCs behind Uber, Venmo, and eBay also invested in Pacaso. And for just $2.90/share, you can join them as an early-stage Pacaso investor today.

Invest for $2.90/Share

_{Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.}

S&P 500 Heatmap 🔥 

Movers and Shakers 📷 

 📈 Top Gainers

•  $BLSH ( ▲ 5.68% )  (Bullish): Soared ~10% after an explosive 84% debut.

•  $MIAX ( ▼ 0.37% )  (Miami International): Leaped ~35% in its IPO.

• $WULF ( ▲ 5.7% )  (TeraWulf): Jumped ~60% following Google-backed AI hosting news.

• $DLO ( ▼ 3.72% )  (DLocal): 30% pop following earnings print.

🔻 Top Decliners

• $COHR ( ▼ 1.38% )  (Coherent): Slumped ~19–22% after earnings miss and technical sell signals.

• $TPR ( ▲ 0.97% )  (Tapestry): Plunged ~16% amid weak profit outlook.

• $DE ( ▲ 0.67% )  (Deere): Dropped ~6% despite earnings beat, due to lower guidance.

• $IBTA ( ▲ 0.88% )  (Ibotta): Tumbled ~31% on disappointing revenue forecast.

this section is powered by AI

Recap Around the Street 🧠

PPI came in warmer than expected although much of the upside surprise came from portfolio management fees followed by other services such as airline fares. Other categories that had been elevated such as medical came in flat helping to offset some of the higher services. More disconcerting was the Trade Services component which came in 2.0% m/m suggesting producers are passing through most of the tariff increases. (Contributed by Benjamin Lavine, CIO at Freedom Investment Management).

Current update on the 30y mortgage rate:

Market Preview 🎞️ 

• Friday, August 15th: Monthly options expiration (OPEX); Retail sales data; Empire state manufacturing

Enjoy reading?👇

That’s all for this week, folks! We’ll be back around the same time Monday with a curated list of important news, economic data and market highlights. 

🔔 Be the first to know. Ensure you never do more than one read if you:

• Move our emails (especially your subscriber introduction) to your primary inbox (Quick instructions).

• 👋 Say hi. Responding to our emails (if any) lets your email provider know to not block us from your main inbox.