Brazilian Stock Breakout; Diving Into More Small Caps; Uber's Latest Acquisition $NU $MELI $UBER

Luxury brands like Hermes and LVMH face significant drawdowns, yet their long-term pricing power remains attractive at current valuation multiples. Tech sector valuations appear increasingly extreme, mirroring historical bubble patterns, though pockets of value persist in software. Recent corporate acquisitions, such as Uber’s $2.3 billion purchase of EasyCater and Schneider Electric’s $22.6 billion acquisition of PTC, highlight a strategic shift toward business durability and vertical integration. Meanwhile, Latin American markets show promise as free-market political shifts create potential for growth in banking and e-commerce. Small-cap opportunities like EVI Industries offer exposure to durable industrial sectors, while the broader market remains cautious regarding the sustainability of current AI-driven valuations and the potential impact of GLP-1 drugs on consumer spending in categories like alcohol.