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.
For months, investors have been scaling what feels like an endless wall of worry. Each concern that gets resolved seems to spawn new uncertainties, yet the market has continued its relentless climb higher.
We’ve lived this movie before. Last August, AAII bullish sentiment struck a 52-week high right before the Fed launched its September rate cutting cycle.
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