Thomas Parry Jones @thomaspj: "Subject: Market Summary Dear investors, The market..."

United Kingdom

Subject: Market Summary Dear investors, The market continues to move lower and this week we’ve seen a broad-based sell-off. Gold and silver ($GLD, $SLV (iShares Silver Trust)) are down around 10–20% from their recent highs, Bitcoin has fallen back towards $60k, and the $SPX500 has now turned negative for the year. During this volatility we’ve been selectively buying into high-quality names that have recently been performing well – $GOOG (Alphabet) being one example. Following earnings from $AMZN (Amazon.com Inc), we will continue to use this environment to add to larger, high-conviction positions. Some stocks in the portfolio, such as $SNOW (Snowflake Inc.), have underperformed and will be closed out in due course. However, exiting larger positions in the middle of a market-wide sell-off is rarely a good strategy. As with any correction, hindsight is always perfect. I appreciate that for those who have copied recently this may feel uncomfortable, but this is similar to the sell-off we saw around this time last year. Sticking to the strategy, avoiding emotional reactions, and using these dips to add selectively remains, in my view, the best long-term approach. Thanks, TJ

5 Mentioned

SLV

iShares Silver Trust

SPX500

GOOG

Alphabet

AMZN

Amazon.com Inc

SNOW

Snowflake Inc.

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