Investment Review №327. The soft power of the Federal Reserve

12.08.2025 — 6445

• Core CPI increased by 3.1% y/y in July, above the 3% expectation. Markets reacted positively as July data showed no sharp rise in commodity prices due to lower tariff effects.

 

14.08.2025 — ▲6468

• In July, Core PPI increased by 0.9% m/m. However, when excluding energy, food, and government purchases, PPI rose by only 0.3% m/m, suggesting no imminent acceleration in CPI.

15.08.2025 — ▼6449

• Retail sales data for July showed strength, with an overall increase of 0.5% m/m. The previous reading was revised from 0.5% to 0.9%. Benchmark sales surpassed expectations, with the retail "control group" rising by 0.5% m/m in July, exceeding the 0.4% forecast.
• Solar stocks surged as the Invesco Solar ETF (TAN) jumped 8.8%, marking its largest daily gain since early 2025. This market reaction was prompted by updated guidance on tax credits from the Treasury Department and IRS.

18.08.2025 — 6449

• Palo Alto Networks (PANW) achieved a record revenue of over $2.5 billion in Q4 2025. The growth forecast for 2026 is bolstered by SaaS subscriptions and the integration with CyberArk, though potential risks include declining margins and slower growth in the U.S. market.

22.08.2025 — ▲6466

• Intel provided the U.S. with a 9.9% equity stake in exchange for $8.9 billion in grants and issued a 5% warrant at $20. The company cautioned about potential investor dilution and the impact on international sales.