Dear investors, The last few days have seen an acceleration of the declines in the main markets $SPX500 $NSDQ100 and we have been left with an unbalanced and less efficient portfolio. We needed to make adjustments. In this sense, I have made some changes to take advantage of the recent declines and prepare for the coming months. Excluding any black swan, this portfolio will remain in place until December/January of this year. As usual you can see the most recent portfolio configuration - around 68,7% is safe assets with Dollar index. $UUP , Investment grade bonds and $GOLD miners (as explained in the last post). We will resist this period of market decline and turn things around! Thank you for your trust, Bernardo

📉 𝗜𝘀 𝘁𝗵𝗲 𝗔𝗜 𝗕𝘂𝗯𝗯𝗹𝗲 𝗦𝘁𝗮𝗿𝘁𝗶𝗻𝗴 𝘁𝗼 𝗕𝘂𝗿𝘀𝘁? The hype around artificial intelligence stocks has reached new heights, but some signs suggest we might be nearing a peak - It could be just a correction or something bigger. Here are a few indicators that the AI could be starting to burst: 📊 𝗢𝘃𝗲𝗿𝘃𝗮𝗹𝘂𝗲𝗱 𝗥𝗦𝗜 𝗟𝗲𝘃𝗲𝗹𝘀 𝗶𝗻 $NVDA : On a monthly analysis, the Relative Strength Index (RSI) for Nvidia (NVDA) is currently at a staggering 86.5%. Typically, an RSI above 70% indicates that a stock is overvalued. The last time NVDA reached such high RSI levels was in November 2021, which was followed by a sharp downtrend. 💥 𝗛𝗶𝗴𝗵 𝗟𝗲𝘃𝗲𝗹𝘀 𝗼𝗳 𝗟𝗲𝘃𝗲𝗿𝗮𝗴𝗲: The GraniteShares 2x Long NVDA Daily ETF, designed to deliver double the daily move of NVDA shares, saw a record $743 million inflow last week. This massive inflow suggests that investors are heavily leveraging their positions to amplify gains. Such high levels of leverage can lead to increased volatility and risk, making the market more susceptible to sudden downturns if sentiment shifts. 💸 𝗣𝗿𝗶𝗰𝗲 𝗛𝘆𝗽𝗲 𝗮𝗻𝗱 𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗗𝗲𝘃𝗶𝗮𝘁𝗶𝗼𝗻: Over the past 12 months, several AI-related stocks have seen extraordinary price increases. For example, $SMCI is up 281%, NVDA has climbed 190%, ARM has risen 137%, and AVAV has gained 111%. These soaring valuations often reflect overly optimistic expectations about future earnings growth. When stock prices deviate significantly from actual earnings, it can indicate a bubble, as investor enthusiasm outpaces the company's real financial performance. While AI could be a transformative technology, these indicators suggest that the current stock prices may not be sustainable. $NSDQ100 $GER40 $SPX500

$NSDQ100 : 𝐇𝐚𝐩𝐩𝐲 𝐁𝐮𝐥𝐥𝐢𝐬𝐡 𝐘𝐞𝐚𝐫 🪀 Contrary to mainstream opinion, looking ahead to 2023 there are, in my opinion, reasons to be bullish. We can see that the market is currently at an impasse where there is no room left but to go up. This view may seem simplistic, but let's take a closer look: 𝐌𝐚𝐫𝐤𝐞𝐭 𝐬𝐞𝐧𝐭𝐢𝐦𝐞𝐧𝐭 💓 ▫️In 2022 the market was dominated by bears, devastating most assets and with nowhere to protect. $SPX500 lost 18% and $NSDQ100 lost 34%. In the end this left very bearish sentiment in the market which is now 48% bearish and only 27% bullish. ▫️This 21% difference between sentiments suggests more investors may eventually become more bullish, which can create a rally and sustain it. 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐫𝐚𝐭𝐞𝐬 💲 ▫️The Fed has not been as aggressive with its policy decisions in four decades. Consider that rate is currently around 4.5% this suggests the Fed now has limited room to remain aggressive. ▫️The last increase in December was 50, not the 75 that had been decreed in the four previous meetings that preceded the last decision. ▫️There is now a greater than 70% probability that the Fed's next hike during February meeting will be 25 basis points. Assuming these metrics, it will signal that inflation is being tamed and the awaited pivot has arrived. As such, technology stocks will bounce back from bear market lows. 🗯️ What do you think? $OIL $BTC $UK100 one image by cookie_studio on free pik