Equity Insights

Key Summary: • Chart of the Week: The market is not as expensive as the media describes it. • Brand update #1: Live Nation – robust demand continues & the stock is on sale. • Brand update #2: Uber – strong trends and the shift to profitability continues.

As we navigate the economic landscape, there are clear indications that the market is taking a well-deserved breather, cautiously eyeing potential trouble spots.

As we navigate the economic landscape, there are clear indications that the market is taking a well-deserved breather, cautiously eyeing potential trouble spots.

if the S&P 500 Index has generated an annualized return of roughly 8-10% over the long-term, leading companies serving important industries should, in theory, generate 300bps+ more over long periods of time. Understanding this and investing for it offers investors a long-term edge.

There’s always something to fret about in the world of finance. Yet, more often than not, the market defies our worries and continues its ascent. We’ll remain vigilant and prepared for the worst while continuing to expect the best.

There’s always something to fret about in the world of finance. Yet, more often than not, the market defies our worries and continues its ascent. We’ll remain vigilant and prepared for the worst while continuing to expect the best.

In every aspect of our lives, when we see bargains in merchandise we love, we buy more. As consumers, we get excited to capture a sale, but as investors, we run from sales. Flip this narrative around and we become great investors.

Leading companies serving large end-markets will tend to outperform over time. On the rare occasions when they struggle, that’s usually a time to be adding to those companies.