Bogdan Sumaruk @Sir_H_Pennywise: "𝗠𝗶𝗱 𝗪𝗲𝗲𝗸 𝗨𝗽𝗱𝗮𝘁𝗲 The month of..."

Italy

𝗠𝗶𝗱 𝗪𝗲𝗲𝗸 𝗨𝗽𝗱𝗮𝘁𝗲 The month of June has started with solid momentum overall. Over the first three days of this week, my portfolio is up around +2.0%, keeping us comfortably in the green. The broader market has had a bit of a split personality so far. Monday and Tuesday were incredibly resilient, pushing the $SPX500 to fresh all time highs thanks to the relentless AI and semiconductor themes. However, Wednesday reminded us that stocks do not just go up in a straight line. The market took a noticeable breather yesterday, with the S&P 500 dropping about 0.7% and the $NSDQ100 pulling back nearly 0.9%, as investors decided to lock in some profits and step back from recent highs. For our portfolio, seeing a tech heavy index pull back usually means we feel the bump, since Technology makes up 45.4% of our stock allocation, with names like Credo, Micron, and ASML holding significant weight. Yet, because of our strong outperformance early in the week, we still netted out that solid +2.0% gain over the three days. It is a good reminder that a little red on the screen is just the market exhaling. This is exactly why we do not abandon our structure when things are flying high. Our barbell approach is designed specifically for days like yesterday. Alongside our tech engine, we hold 14.7% of the total portfolio in T-bills (BIL) as a cash buffer, and we have over 24% of our stock exposure anchored in steady Industrials like $STRL.US (Sterling Infrastructure Inc) and $POWL (Powell Industries Inc). That setup provides the ballast we need when the tech trade inevitably takes a rest. We are letting our winners run, but the foundation is built to withstand sudden rotations. I'll provide a full comment at the end of the week once we see how the market digests the crucial May employment data dropping on Friday. Thank you for staying the course with me, Bogdan

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