Peter Ahl @Wealthbystrategy: "💲 𝙔𝙏𝘿 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚: 𝟭𝟬,𝟱% 📈 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚..."

Sweden

💲 𝙔𝙏𝘿 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚: 𝟭𝟬,𝟱% 📈 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚 𝟮𝟬𝟮𝟱: 𝟭𝟰,𝟱% 🚀 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚 𝟮𝟬𝟮𝟰: 𝟰𝟮,𝟭% Risk-score 4/10. ______________________________________________ 𝙒𝙚𝙚𝙠𝙡𝙮 𝙧𝙚𝙥𝙤𝙧𝙩 𝙅𝙪𝙣𝙚 𝟭𝟱-𝟭𝟵, 𝟮𝟬𝟮𝟲 👇 💹 𝙊𝙫𝙚𝙧𝙖𝙡𝙡 𝙈𝙖𝙧𝙠𝙚𝙩 𝙊𝙪𝙩𝙡𝙤𝙤𝙠 Markets enter this week with a very different mood from the middle of last week. The main change is the preliminary U.S.-Iran peace framework, which has pushed oil sharply lower and lifted risk appetite. 𝙄𝙛 𝙡𝙤𝙬𝙚𝙧 𝙤𝙞𝙡 𝙥𝙧𝙞𝙘𝙚𝙨 𝙝𝙤𝙡𝙙, 𝙤𝙣𝙚 𝙤𝙛 𝙩𝙝𝙚 𝙡𝙖𝙧𝙜𝙚𝙨𝙩 𝙧𝙚𝙘𝙚𝙣𝙩 𝙞𝙣𝙛𝙡𝙖𝙩𝙞𝙤𝙣 𝙧𝙞𝙨𝙠𝙨 𝙢𝙖𝙮 𝙨𝙩𝙖𝙧𝙩 𝙩𝙤 𝙚𝙖𝙨𝙚, 𝙬𝙝𝙞𝙘𝙝 𝙞𝙨 𝙨𝙪𝙥𝙥𝙤𝙧𝙩𝙞𝙫𝙚 𝙛𝙤𝙧 𝙜𝙧𝙤𝙬𝙩𝙝 𝙨𝙩𝙤𝙘𝙠𝙨 𝙖𝙣𝙙 𝙡𝙤𝙣𝙜-𝙙𝙪𝙧𝙖𝙩𝙞𝙤𝙣 𝙖𝙨𝙨𝙚𝙩𝙨. At the time of writing on Monday, U.S. equities are rallying strongly, led by technology and semiconductors. $SPY (State Street SPDR S&P 500 ETF) is up about 1.8%, $QQQ (Invesco QQQ) about 3.1%, while USO is down about 4.3%, reflecting the move lower in crude prices. 📊 𝙋𝙖𝙨𝙩 𝙒𝙚𝙚𝙠'𝙨 𝙈𝙖𝙧𝙠𝙚𝙩 𝘼𝙘𝙩𝙞𝙫𝙞𝙩𝙮 Last week was volatile but ended positively. Our portfolio gained 0.9 % compared to a 0.6% gain for the S&P 500, 0.7% for the Dow and 0.7% for the Nasdaq. The market had to digest hotter inflation readings, with May CPI up 0.5% month over month and 4.2% year over year, while PPI rose 1.1% in May and 6.5% year over year. 𝙏𝙝𝙚 𝙠𝙚𝙮 𝙢𝙚𝙨𝙨𝙖𝙜𝙚 𝙬𝙖𝙨 𝙩𝙝𝙖𝙩 𝙚𝙣𝙚𝙧𝙜𝙮 𝙥𝙧𝙞𝙘𝙚𝙨 𝙬𝙚𝙧𝙚 𝙨𝙩𝙞𝙡𝙡 𝙛𝙚𝙚𝙙𝙞𝙣𝙜 𝙞𝙣𝙩𝙤 𝙞𝙣𝙛𝙡𝙖𝙩𝙞𝙤𝙣, 𝙗𝙪𝙩 𝙘𝙤𝙧𝙚 𝙞𝙣𝙛𝙡𝙖𝙩𝙞𝙤𝙣 𝙡𝙤𝙤𝙠𝙚𝙙 𝙢𝙤𝙧𝙚 𝙘𝙤𝙣𝙩𝙖𝙞𝙣𝙚𝙙. Core CPI rose 0.2% in May and 2.9% year over year. The ECB also raised rates for the first time in almost three years, showing that central banks remain alert to energy-driven inflation. In companies, the AI theme remained powerful but uneven. Oracle fell as investors focused on heavy AI infrastructure spending and debt needs, while Adobe raised its annual revenue outlook but was pressured by the CFO exit. The largest event was $SPCX (Space Exploration Technologies Corp) , which raised $75 billion in the biggest IPO ever and jumped 19% on its Nasdaq debut. 💼 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝘼𝙘𝙩𝙞𝙫𝙞𝙩𝙮 I made several changes in the portfolio last week. I added further to our positions in $DAVE (Dave Inc.) , $LLY (Eli Lilly & Co) and $EXEL (Exelixis Inc) . All three continue to show 𝙨𝙩𝙧𝙤𝙣𝙜 𝙛𝙪𝙣𝙙𝙖𝙢𝙚𝙣𝙩𝙖𝙡𝙨, 𝙨𝙩𝙧𝙤𝙣𝙜 𝙚𝙖𝙧𝙣𝙞𝙣𝙜𝙨 𝙜𝙧𝙤𝙬𝙩𝙝 𝙖𝙣𝙙, 𝙞𝙣 𝙢𝙮 𝙫𝙞𝙚𝙬, 𝙖𝙩𝙩𝙧𝙖𝙘𝙩𝙞𝙫𝙚 𝙫𝙖𝙡𝙪𝙖𝙩𝙞𝙤𝙣 relative to that growth. They also show technical strength through good momentum, which is an added positive when the broader market is selective. I also reduced some holdings last week, selling our positions in $META (Meta Platforms Inc) , $BABA (Alibaba-ADR) and the GDX ETF. The reason was essentially the opposite of the purchases. In Meta and Alibaba, I see a weaker trend in fundamental factors and valuation support, while all three positions have recently shown weaker technical development. 𝙈𝙮 𝙛𝙤𝙘𝙪𝙨 𝙧𝙚𝙢𝙖𝙞𝙣𝙨 𝙤𝙣 𝙤𝙬𝙣𝙞𝙣𝙜 𝙘𝙤𝙢𝙥𝙖𝙣𝙞𝙚𝙨 𝙬𝙝𝙚𝙧𝙚 𝙛𝙪𝙣𝙙𝙖𝙢𝙚𝙣𝙩𝙖𝙡𝙨, 𝙫𝙖𝙡𝙪𝙖𝙩𝙞𝙤𝙣 𝙖𝙣𝙙 𝙢𝙤𝙢𝙚𝙣𝙩𝙪𝙢 𝙨𝙪𝙥𝙥𝙤𝙧𝙩 𝙚𝙖𝙘𝙝 𝙤𝙩𝙝𝙚𝙧. 🔭 𝙏𝙝𝙚 𝙒𝙚𝙚𝙠 𝘼𝙝𝙚𝙖𝙙 𝙏𝙝𝙞𝙨 𝙬𝙚𝙚𝙠 𝙬𝙞𝙡𝙡 𝙗𝙚 𝙙𝙤𝙢𝙞𝙣𝙖𝙩𝙚𝙙 𝙗𝙮 𝙩𝙝𝙚 𝙁𝙚𝙙𝙚𝙧𝙖𝙡 𝙍𝙚𝙨𝙚𝙧𝙫𝙚 𝙢𝙚𝙚𝙩𝙞𝙣𝙜 𝙤𝙣 𝟭𝟲-𝟭𝟳 𝙅𝙪𝙣𝙚, 𝙩𝙝𝙚 𝙛𝙞𝙧𝙨𝙩 𝙪𝙣𝙙𝙚𝙧 𝘾𝙝𝙖𝙞𝙧 𝙆𝙚𝙫𝙞𝙣 𝙒𝙖𝙧𝙨𝙝, with markets expecting rates to be left unchanged. Investors will watch the updated projections and press conference closely, especially after last week’s inflation data and today’s sharp fall in oil. Other items to watch are U.S. May retail sales on Wednesday, the G7 summit in France, and central bank decisions in Japan and the UK. Earnings are lighter but include Accenture, Kroger, Progressive and Jabil. U.S. markets will be closed on Friday for Juneteenth. 𝙏𝙝𝙚 𝙩𝙤𝙣𝙚 𝙝𝙖𝙨 𝙞𝙢𝙥𝙧𝙤𝙫𝙚𝙙 𝙦𝙪𝙞𝙘𝙠𝙡𝙮, 𝙗𝙪𝙩 𝙩𝙝𝙚 𝙙𝙪𝙧𝙖𝙗𝙞𝙡𝙞𝙩𝙮 𝙤𝙛 𝙩𝙝𝙚 𝙄𝙧𝙖𝙣 𝙙𝙚𝙖𝙡, 𝙤𝙞𝙡 𝙥𝙧𝙞𝙘𝙚𝙨 𝙖𝙣𝙙 𝙁𝙚𝙙 𝙘𝙤𝙢𝙢𝙪𝙣𝙞𝙘𝙖𝙩𝙞𝙤𝙣 𝙬𝙞𝙡𝙡 𝙙𝙚𝙘𝙞𝙙𝙚 𝙬𝙝𝙚𝙩𝙝𝙚𝙧 𝙩𝙝𝙞𝙨 𝙧𝙚𝙡𝙞𝙚𝙛 𝙧𝙖𝙡𝙡𝙮 𝙘𝙖𝙣 𝙗𝙧𝙤𝙖𝙙𝙚𝙣. 𝙒𝙞𝙨𝙝𝙞𝙣𝙜 𝙮𝙤𝙪 𝙖 𝙥𝙧𝙤𝙨𝙥𝙚𝙧𝙤𝙪𝙨 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙬𝙚𝙚𝙠 𝙖𝙝𝙚𝙖𝙙! 👍

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