Analysts have raised $NVDA estimate after Q2 earnings.
The stock is now trading at just ~27x on next year EPS estimate while growing at ~50% Source: The AI Investor @The_AI_Investor
Apollo: "Yes tariffs are inflationary - so too is a US dollar depreciation - that results in a coming inflation mountain"
See chart below inflation 2021 cycle relative to 1970s. Source: Apollo, Samantha LaDuc on X
German stock market valuations have hit HISTORIC levels:
DAX index forward P/E ratio relative to the Euro Stoxx 600 P/E reached the highest level since the Financial Crisis. DAX P/E is 16x, above the average of 13x over the last 10 years. Source: Global Markets Investor, Bloomberg
Housing market in Spain is booming.
Home sales and prices are closing in on the record highs set before the 2008 financial crash. The strong momentum is supported by a classic supply / demand imbalance. On the supply side, only about 100,000 new apartments are built each year – roughly a third of what’s needed. On the demand side: strong economic growth, a surge in tourism, and rising migration The house price index now sits just 3.2% below its 2008 peak. Source: Bloomberg, HolgerZ
US consumer sentiment across income levels
An interesting perspective by Morning Consult. Source: Barchart
A suspected Russian interference attack targeting the president of the European Commission, Ursula von der Leyen
The Russian interference disabled GPS navigation services at a Bulgarian airport and forced the commission president’s plane to land using paper maps. Source: FT
What a headline by The Telegraph...
Source: The Telegraph
Hyperscaler growth is set to slow meaningfully over the next year
Will AI CapEx follow? Chart: Goldman Sachs thru Markets & Mayhem
