Harpinder Kang @HarpinderKang: "𝙀𝙣𝙙 𝙤𝙛 𝙩𝙝𝙚 𝙈𝙤𝙣𝙩𝙝 𝙖𝙣𝙙..."

United Kingdom

𝙀𝙣𝙙 𝙤𝙛 𝙩𝙝𝙚 𝙈𝙤𝙣𝙩𝙝 𝙖𝙣𝙙 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙐𝙥𝙙𝙖𝙩𝙚 Portfolio is up 4.38% for the month, while the $NSDQ100 and $SPX500 gained 0.85% and 1.91%, respectively. 𝙈𝙖𝙧𝙠𝙚𝙩𝙨 Earnings season is nearly over, with the majority of companies in my portfolio reporting strong results. Small caps have significantly outperformed this month on expectations of a Fed rate cut next month. How long this lasts is anyone’s guess, but it could turn into a “sell the news” event for small caps. 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙐𝙥𝙙𝙖𝙩𝙚 I took profits on several positions and have built up nearly a 40% cash position, including shorts. Markets are currently at the higher end of their trend. That doesn’t mean they can’t go higher, but I want to participate in the rally while still keeping enough hedge and cash set aside in case of a short-term pullback. Some stocks like INMD, ASML, and AMZN still look relatively attractive in terms of value. Google broke out to new highs. While it faces short-term risks from the ongoing antitrust case under review, I think Google still offers great value. Any pullback would be an opportunity to add to the position. I’ve also started building a new position in Asana. With earnings coming up next week, I expect it could provide more opportunities to add. Overall, I see Asana as a strong investment for the medium- to long-term horizon. Last month, I added to my UNH position and have since taken profits on most of it. UNH is a great long-term play, but in the short term I expect regulatory concerns to weigh on the stock. 𝙁𝙞𝙣𝙖𝙡 𝙏𝙝𝙤𝙪𝙜𝙝𝙩𝙨 With earnings season winding down, most companies have reported solid results, giving the market a reason to keep grinding higher for the time being. I’m holding a sizable cash position in case the market pulls back from these levels. If you have any questions, please feel free to ask below. Thanks for reading.

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NSDQ100

SPX500

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