Welcome to the Enhanced Value Fund (EVF) newsletter! With Charts of the Month, we’ll be providing you with occasional updates on EVF and sharing interesting charts that have caught our attention in recent weeks.
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Markets
Periodic reminder of the importance of time in the market (as opposed to timing the market).
And of the power of compounding.
Is the market overvalued? The Bull and Bear indicator is still in OKish territory
The Atlanta Fed is now forecasting a jump for the US GDP.
The Unemployment Rate is low.
Housing is up!
M&A activity can only increase from here!
Do you wanna put money in Private Equity?
Or in Private Credit?
The equity markets seem the only option, and that’s why money are flocking there.
Trump, Tariffs & Consequences
Eager to see a slowdown in this Making America Great Again…
In case you didn’t notice, there was a spat between Elon and Trump, over the Big Beautiful Bill, and the new spending it is bringing with it.
Tax cuts are the big item here.
The Dollar takes note.
CNY on the rise.
While Housing Inflation on the rise.
But at least are tariffs working? Not yet.
Not really working in “crushing China”, no.
People are staying away from the US.
Especially scientist.
The current uncertainty is working in Making Gold Great Again.
You know how the Chinese refer to Trump? Mr. “Extremely Unreliable”
Energy
One win for Trump? Energy prices are down, or as he would put it: ENERGY PRICES ARE DOWN!!!
Indeed, the cost of a Chinese solar module has never been lower.
China power prices plunging.
Really remarkable the solar journey.
It seems we can be done with fossils, that’s why capex are down.
AI and related topics
It seems the betting market is making Google a winner of the AI race
Gemini downloads to the roof.
More productivity, less office space, offices price down.
The AI bubble it burst, but it was a multiple bubbles, now earnings have grown into valuations and we’re back to reasonable numbers.
Thanks for reading this far, we hope you enjoyed it!
As always, if you have any comments, feel free to send them in!
The Enhanced Value Fund (EVF) Team
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