Gaetano Bonfiglio @GaetanoBonfiglio: "𝐖𝐄𝐄𝐊𝐋𝐘 𝐑𝐄𝐂𝐀𝐏 Hello everyone, followers and..."

Italy

𝐖𝐄𝐄𝐊𝐋𝐘 𝐑𝐄𝐂𝐀𝐏 Hello everyone, followers and copiers. The week closes under the sign of global macroeconomic stability, with major central banks remaining cautious and economic data confirming the resilience of developed economies within a fragmented environment. Key macroeconomic releases took place this week: UK CPI came in at 2.6%, highlighting a gradual moderation in inflation. The ECB held interest rates unchanged at 2.40% and the deposit facility rate at 2.25%, reaffirming a prudent and balanced monetary policy stance. In the United States, initial jobless claims (187K) and new home sales (628K) indicated underlying strength in the labor and housing markets, while preliminary manufacturing and services PMIs confirmed moderate expansion across both the Eurozone and the US. 𝐈𝐌𝐏𝐀𝐂𝐓 𝐎𝐍 𝐎𝐔𝐑 𝐏𝐎𝐑𝐓𝐅𝐎𝐋𝐈𝐎 In this scenario, our balanced portfolio displayed mixed dynamics, consistent with our medium-to-long-term rotational strategy. On one hand, we experienced strong performance across regional and European equities, led by $EWT (iShares MSCI Taiwan ETF) , $BMPS.MI (Banca Monte Dei Paschi Di Siena S.P.A) , $ISP.MI (Intesa Sanpaolo Group) . On the other hand, volatility in tech and semiconductor stocks, combined with profit-taking in assets such as $BTC and $MRVL (Marvell Technology Group Ltd) , created short-term headwinds on specific holdings. Our active diversification across sovereign bonds and geographic ETFs helps absorb these fluctuations while maintaining disciplined risk management. I will continue to monitor the macroeconomic context before evaluating any gradual adjustments. Best, Gae (@GaetanoBonfiglio)

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