Charts & Chat - August 10, 2025

This week, CEO Eric Boyce, CFA discusses:

1. Stocks have moved higher over the long term despite variations in price/earnings multiples

2. S&P 500 index is inherently different from even 10 years ago; volatility and intra-year drawdowns are absolutely normal and can lead to generous long term returns if one is patient and diligent

3. the power of long term compounded return and diversification - stocks versus bonds and cash; stocks have considerably more volatility than bonds

4. The importance of being diligent on monitoring inflation - trends in service inflation, wages provide dilemma for Fed on interest rates

5. Boom in infrastructure spending, notably data centers

6. Surge in new business applications bodes well for entrepreneurship

7. Big opportunity in offshore Asia private credit and private equity