Group 1 - The current economic environment features inflation, unemployment rates, Treasury yields, and interest rates at levels different from historical norms, suggesting a potential long-tail effect from the pandemic [1] - The focus is on U.S. and European equities, particularly undervalued growth stocks and high-quality dividend growers, indicating a strategic investment approach [1] - Sustained profitability, characterized by strong margins, stable and expanding free cash flow, and high returns on invested capital, is emphasized as a more reliable driver of returns than valuation alone [1] Group 2 - The investment strategy includes managing a portfolio publicly on eToro, where the individual has achieved the status of a Popular Investor, allowing others to replicate real-time investment decisions [1] - The interdisciplinary background in Economics, Classical Philology, Philosophy, and Theology enhances both quantitative analysis and the interpretation of market narratives [1] - The investment philosophy aims to balance asset accumulation with the freedom to choose work that aligns with personal expression, rather than solely seeking financial independence [1]

try to put together, Phil, uh what 23rd record high for the S&P this year. What are are you thinking about valuations more or is it more about the the potential that names like Oracle are handing us. Yeah, and I think a lot of it has to do, Carl, with the fact that a lot of the things that people were worried about this year that may have kept valuations lower are kind of fading away a little bit here.So, last December 18th, we were here, Federal Reserve told us that they would cut rates twice in 2025. Nine ...

Economic Data & Monetary Policy - The Federal Reserve (Fed) acknowledges a slight degradation in the scope of economic surveys but expresses concern about the direction of travel regarding the accuracy and reliability of US economic measurement [4] - The Fed emphasizes the importance of accurate economic data for itself, Congress, and businesses to understand the state of the economy, including growth levels [4][5][6] - The Fed notes that current interest rates are at higher levels, providing significantly more room for cuts compared to periods of very low interest rates [15] Inflation & Tariffs - Retailers anticipate tariff-related inflation to become more apparent in future data, as current sales reflect inventory from previous months [8][9] - There is uncertainty regarding how much of the tariff impact will be passed on to consumers; the effect could be lower or higher than expected [10] - Companies may increase prices on non-tariffed goods to compensate for losses incurred due to tariffs on price-elastic goods [11][12] - The Fed acknowledges the possibility of companies increasing prices on necessities, even if not subject to tariffs, to offset losses from tariffed goods, as seen in past tariff episodes [12][13] Bureau of Labor Statistics (BLS) - Congress is considering a proposal to cut $56 million from the Bureau of Labor Statistics (BLS), raising concerns about the agency's ability to collect accurate data and provide reliable indicators [3]