The Wall Street Surges Back Towards Record Highs After Surprisingly Weak Producer Prices, Pricing in a Fed Pause in September As Oil Prices Slide Below $81 Amidst the Hormuz Deadlock – Lenovo Electrifies the AI Rally While Cisco and Cerebras Disappoint With Cautious Outlooks – the Bond Market Stirs New Fears With the Highest 30-Year Financing Rates in a Quarter of a Century, While the DAX Remains Less Than 150 Points Below Its Record

USA & MACRO-ENVIRONMENT The US markets continue their upward movement and approach new record highs The S&P 500 is edging closer to its all-time high after two consecutive winning days, while the Nasdaq 100 leads with an increase of +1.24%. The trigger for this buying mood is a surprisingly tame inflation report. The Producer Price Index (PPI) rises only by 4.7% in July compared to the previous year, down from 5.5% in June – month-over-month, prices even stagnate. Declining energy and food costs temper the price pressure that has...