Salesforce: Implied Growth Rate is Simply Too Low

Periods of market turbulence often give rise to attractive opportunities for long-term investors, as high-quality businesses can become temporarily mispriced or overlooked amid the noise.

Dear readers,

Welcome back to the Quality Equities newsletter.

This week, the US stock market saw continued volatility, with the S&P 500 falling 1.5%, the Dow dropping 2.7%, and the Nasdaq sliding 2.6%, while the small-cap Russell 2000 edged up 1.1%. Year-to-date, all major indexes remain deeply in the red, with the Nasdaq and Russell 2000 both down over …