Michele Cesari @Mexploder: "𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗹𝗼𝗼𝗸 𝗮𝗵𝗲𝗮𝗱: 𝗮𝗹𝗹-𝘁𝗶𝗺𝗲 𝗵𝗶𝗴𝗵𝘀..."

Italy

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗹𝗼𝗼𝗸 𝗮𝗵𝗲𝗮𝗱: 𝗮𝗹𝗹-𝘁𝗶𝗺𝗲 𝗵𝗶𝗴𝗵𝘀 𝗮𝗺𝗶𝗱 𝘁𝗵𝗲 𝗰𝗿𝗶𝘀𝗶𝘀 This week was dominated by the US-Iran war and the closure of the Strait of Hormuz — an event the IEA described as the largest oil supply disruption in modern history. Yet within days, the announcement of a conditional ceasefire transformed sentiment and pushed the $SPX500 and $NSDQ100 to new all-time highs. It's one of those weeks that reminds you why markets aren't a news broadcast: they price in future scenarios before those scenarios are even certain. Within the portfolio, this played out clearly. Big tech — $META (Meta Platforms Inc) $AMZN (Amazon.com Inc) $NVDA (NVIDIA Corporation) — led the recovery with conviction. $C (Citigroup) posted its best revenue quarter in a decade, proving that volatility can be an advantage for those positioned to handle it. On the European front, the end of the Orbán era in Hungary opens the door to stronger EU military cohesion, a supportive backdrop for $RHM.DE (Rheinmetall AG) and $AIR.PA (AIRBUS SE) The portfolio turned positive year-to-date even while the Strait of Hormuz was still closed. Holding a portion of the portfolio in cash during weeks like this isn't always comfortable, but that's precisely why I keep it: not to stay on the sidelines, but to be ready to act with clarity when it matters.

Not investment advice. The author may have financial interests in the mentioned instruments.