Financial Planning for Wherever Life Takes You

Miramontes Capital
Make an Appointment
Make an Appointment
Watchweek

I hope you enjoyed the long Labor Day weekend with your friends and family. Wall Street has a shortened week ahead, with August’s consumer price index taking center stage as the final major inflation report before the Federal Reserve’s September rate decision next week. Here’s what’s happening …

  • Less than 250 companies report earnings this week, but they include a handful of potential market movers. This morning, numbers are due from Casey’s General Stores, meme stock favorite GameStop, and ABM Industries, followed Wednesday by defense tech leader AeroVironment, The Cooper Companies, Chewy, and Jersey Mike’s Subs. Thursday earnings are due from Oracle, Adobe, VinFast Auto, Macy’s, and RH, followed Friday by Kroger. *
  • The August CPI (Consumer Price Index) lands Friday and the inflation report could set the tone across stocks, bonds, currencies, and commodities. July’s headline inflation rate came in at 3.4% year over year, while core prices rose 0.2% for the month. Inflation is cooling, but with the headline rate still above 3%, the Fed does not have much room to relax just yet. Housing, energy, and parts of the services sector remain the main trouble spots. A softer-than-expected reading could boost hopes for rate cuts, while a hotter print may push those expectations further out, making this one of the week’s key market-moving events. **
  • Apple enters a new chapter Wednesday as CEO John Ternus hosts his first annual iPhone launch. The spotlight will be on his debut, and on what the company unveils next. The company is expected to reveal its first foldable iPhone alongside updates to the iPhone 18 Pro and Apple Watch. The foldable could cost more than $2,000, limiting its audience, but strong margins and Apple’s loyal customer base could still make it a meaningful win. ***

* NASDAQ

** CryptoBriefing.com

*** Yahoo Finance

Miramontes Capital

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.