This Week in Review | IPOs, US Inflation, ECB Rate Hike (June 12, 2026)

The economy and markets can feel dizzying and ever changing. That’s where we can help. Fisher Investments’ “This Week in Review” is a weekly segment designed to highlight a few things you may have missed this week, what they could mean for financial markets and why they matter to investors like you. This week, Fisher Investments reviews: • The SpaceX IPO • Rising US inflation • The European Central Bank’s rate hike Below are the sources for all data cited in today’s show: 1. Source: J.P. Morgan as of 6/10/2026, Global Markets Strategy, June 2026. 2. Source: Warrington College of Business, University of Florida as of 4/23/2026. 3. Source: U.S. Bureau of Labor Statistics, as of 6/10/2026. Y/y US Headline CPI Inflation, January 2023 – May 2026. 4. Source: U.S. Bureau of Labor Statistics, as of 6/10/2026. Y/y US Headline CPI Inflation, May 2026. 5. Source: Macrobond, as of 6/10/2026. Y/y percent change in M2 (money supply) for US, UK eurozone and Japan, local currencies, monthly, January 2005 – April 2026. 6. Source: FactSet, as of 6/10/2026. University of Michigan Survey of Consumers, Expected change in prices over the next year, January 2026 – June 2026. 7. Source: Finaeon and US Bureau of Labor Statistics, as of 6/9/2026. S&P 500 Total Return Index, 12/31/1925 – 5/30/2026, y/y Headline US CPI Inflation, 12/31/1925 - 5/30/2026. 8. Source: Trading Economics, as of 6/2/2026. European Central Bank Interest Rate Decisions, September 2023 – June 2026. 9. Source: Trading Economics, as of 6/11/2026. Euro Area Interest Rate and y/y Eurozone Consumer Price Index, January 2026 – June 2026. 10. Source: Trading Economics, as of 6/10/2026. Y/y Eurozone Consumer Price Index, January 2022 – December 2022. 11. Source: Macrobond, as of 6/2/2026. GDP-weighted developed markets excluding US government bond yield spreads (10Y – 3M), daily 1/1/2025 – 5/28/2026. Want to dig deeper? • What to expect as tech mega-IPOs arrive: https://www.fisherinvestments.com/en us/insights/market-commentary/in-orbit-on-tech-sentiment-and-ipos • Ken Fisher’s thoughts on recent IPO activity: https://youtu.be/tn65mxE36z8 • How Ken Fisher views central bank decisions: https://www.youtube.com/watch?v=d0k7jMBie54 Have feedback for this Fisher Investments video? Share your thoughts on this episode in just 1 minute by filling out this survey: https://fi.co1.qualtrics.com/jfe/form/SV_6Vw1ezlogR044S2?VideoCode=WeekInReview12Ju n2026 Connect with Fisher Investments on: • Facebook - https://www.facebook.com/FisherInvestments • X - https://twitter.com/fisherinvest • LinkedIn - https://www.linkedin.com/company/fisher-investments • Instagram - https://www.instagram.com/fisher.investments/ • TikTok - https://www.tiktok.com/@fisher_investments You can also follow Ken Fisher here: • Facebook - https://www.facebook.com/KenFisher.FisherInvestments • X - https://twitter.com/KennethLFisher • LinkedIn - https://www.linkedin.com/in/ken-fisher/ • Instagram - https://www.instagram.com/kenfisher_fisherinvestments/ Investing in securities involves a risk of loss. Past performance is never a guarantee of future returns. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations. The foregoing constitutes the general views of Fisher Investments and should not be regarded as personalized investment advice. Nothing herein is intended to be a recommendation. The opinions expressed are subject to change without notice.