Peter Ahl @Wealthbystrategy: "💲 𝙔𝙏𝘿 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚: 𝟭𝟯,𝟬% 📈 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚..."

Sweden

💲 𝙔𝙏𝘿 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚: 𝟭𝟯,𝟬% 📈 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚 𝟮𝟬𝟮𝟱: 𝟭𝟰,𝟱% 🚀 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚 𝟮𝟬𝟮𝟰: 𝟰𝟮,𝟭% Risk-score 4/10. ______________________________________________ 𝙒𝙚𝙚𝙠𝙡𝙮 𝙧𝙚𝙥𝙤𝙧𝙩 𝙅𝙪𝙣𝙚 𝟭-𝟱, 𝟮𝟬𝟮𝟲 👇 💹 𝙊𝙫𝙚𝙧𝙖𝙡𝙡 𝙈𝙖𝙧𝙠𝙚𝙩 𝙊𝙪𝙩𝙡𝙤𝙤𝙠 Markets continue to trade with a positive but more selective tone. The rally is still supported by AI-related investment, resilient corporate earnings and strong momentum in large-cap technology shares, but higher valuations mean that expectations are also rising. 𝙏𝙝𝙚 𝙠𝙚𝙮 𝙦𝙪𝙚𝙨𝙩𝙞𝙤𝙣 𝙣𝙤𝙬 𝙞𝙨 𝙬𝙝𝙚𝙩𝙝𝙚𝙧 𝙚𝙖𝙧𝙣𝙞𝙣𝙜𝙨 𝙜𝙧𝙤𝙬𝙩𝙝 𝙘𝙖𝙣 𝙠𝙚𝙚𝙥 𝙟𝙪𝙨𝙩𝙞𝙛𝙮𝙞𝙣𝙜 𝙩𝙝𝙚 𝙧𝙚𝙘𝙚𝙣𝙩 𝙢𝙖𝙧𝙠𝙚𝙩 𝙨𝙩𝙧𝙚𝙣𝙜𝙩𝙝, 𝙬𝙝𝙞𝙡𝙚 𝙞𝙣𝙛𝙡𝙖𝙩𝙞𝙤𝙣 𝙖𝙣𝙙 𝙞𝙣𝙩𝙚𝙧𝙚𝙨𝙩 𝙧𝙖𝙩𝙚𝙨 𝙧𝙚𝙢𝙖𝙞𝙣 𝙢𝙖𝙣𝙖𝙜𝙚𝙖𝙗𝙡𝙚. 𝙄 𝙨𝙩𝙞𝙡𝙡 𝙨𝙚𝙚 𝙜𝙤𝙤𝙙 𝙡𝙤𝙣𝙜-𝙩𝙚𝙧𝙢 𝙤𝙥𝙥𝙤𝙧𝙩𝙪𝙣𝙞𝙩𝙞𝙚𝙨, 𝙗𝙪𝙩 𝙖𝙛𝙩𝙚𝙧 𝙖 𝙨𝙩𝙧𝙤𝙣𝙜 𝙥𝙚𝙧𝙞𝙤𝙙 𝙛𝙤𝙧 𝙢𝙖𝙣𝙮 𝙜𝙧𝙤𝙬𝙩𝙝 𝙖𝙣𝙙 𝙩𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮 𝙨𝙩𝙤𝙘𝙠𝙨, 𝙙𝙞𝙨𝙘𝙞𝙥𝙡𝙞𝙣𝙚 𝙖𝙣𝙙 𝙨𝙚𝙡𝙚𝙘𝙩𝙞𝙫𝙞𝙩𝙮 𝙗𝙚𝙘𝙤𝙢𝙚 𝙚𝙫𝙚𝙣 𝙢𝙤𝙧𝙚 𝙞𝙢𝙥𝙤𝙧𝙩𝙖𝙣𝙩. 📊 𝙋𝙖𝙨𝙩 𝙒𝙚𝙚𝙠'𝙨 𝙈𝙖𝙧𝙠𝙚𝙩 𝘼𝙘𝙩𝙞𝙫𝙞𝙩𝙮 Last week, U.S. equities moved higher again, with technology and AI-related stocks remaining the main drivers. The S&P 500, Nasdaq and Dow all gained ground, while the S&P 500 recorded another positive week in its strong recent run. Company reports gave investors several useful signals. $DELL (Dell Technologies Inc C) delivered a very strong report, helped by booming demand for AI servers, and the share price reacted sharply higher. $MRVL (Marvell Technology Group Ltd) also showed strong AI-related demand, especially in data center and custom chip solutions, with guidance pointing to continued growth. $CRM (Salesforce Inc) reported better-than-expected results, but the market reaction was more mixed as investors focused on whether AI could become both an opportunity and a threat for traditional software companies. The message from the week was clear: 𝘼𝙄 𝙙𝙚𝙢𝙖𝙣𝙙 𝙧𝙚𝙢𝙖𝙞𝙣𝙨 𝙫𝙚𝙧𝙮 𝙧𝙚𝙖𝙡, 𝙗𝙪𝙩 𝙞𝙣𝙫𝙚𝙨𝙩𝙤𝙧𝙨 𝙖𝙧𝙚 𝙗𝙚𝙘𝙤𝙢𝙞𝙣𝙜 𝙢𝙤𝙧𝙚 𝙨𝙚𝙡𝙚𝙘𝙩𝙞𝙫𝙚 𝙖𝙗𝙤𝙪𝙩 𝙬𝙝𝙞𝙘𝙝 𝙘𝙤𝙢𝙥𝙖𝙣𝙞𝙚𝙨 𝙘𝙖𝙣 𝙘𝙤𝙣𝙫𝙚𝙧𝙩 𝙩𝙝𝙖𝙩 𝙙𝙚𝙢𝙖𝙣𝙙 𝙞𝙣𝙩𝙤 𝙥𝙧𝙤𝙛𝙞𝙩𝙖𝙗𝙡𝙚 𝙜𝙧𝙤𝙬𝙩𝙝. 💼 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝘼𝙘𝙩𝙞𝙫𝙞𝙩𝙮 There were no major portfolio changes from my side during the week. I remain focused on owning companies and ETFs where I see a strong long-term investment case, attractive growth prospects, and a healthy balance between opportunity and risk. 𝙇𝙖𝙨𝙩 𝙬𝙚𝙚𝙠, 𝙩𝙝𝙞𝙨 𝙙𝙞𝙨𝙘𝙞𝙥𝙡𝙞𝙣𝙚𝙙 𝙖𝙥𝙥𝙧𝙤𝙖𝙘𝙝 𝙬𝙤𝙧𝙠𝙚𝙙 𝙬𝙚𝙡𝙡, 𝙖𝙨 𝙩𝙝𝙚 𝙥𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙜𝙖𝙞𝙣𝙚𝙙 𝟯.𝟯%. 𝙏𝙝𝙖𝙩 𝙬𝙖𝙨 𝙘𝙡𝙚𝙖𝙧𝙡𝙮 𝙖𝙝𝙚𝙖𝙙 𝙤𝙛 𝙗𝙤𝙩𝙝 𝙩𝙝𝙚 𝙎&𝙋 𝟱𝟬𝟬 𝙖𝙣𝙙 𝙩𝙝𝙚 𝙉𝙖𝙨𝙙𝙖𝙦, 𝙬𝙝𝙞𝙘𝙝 𝙖𝙡𝙨𝙤 𝙝𝙖𝙙 𝙖 𝙥𝙤𝙨𝙞𝙩𝙞𝙫𝙚 𝙬𝙚𝙚𝙠. It was encouraging to see the portfolio perform strongly without the need for major changes, and it 𝙨𝙪𝙥𝙥𝙤𝙧𝙩𝙨 𝙢𝙮 𝙫𝙞𝙚𝙬 𝙩𝙝𝙖𝙩 𝙥𝙖𝙩𝙞𝙚𝙣𝙘𝙚, 𝙨𝙚𝙡𝙚𝙘𝙩𝙞𝙫𝙞𝙩𝙮, 𝙖𝙣𝙙 𝙡𝙤𝙣𝙜-𝙩𝙚𝙧𝙢 𝙛𝙤𝙘𝙪𝙨 𝙧𝙚𝙢𝙖𝙞𝙣 𝙩𝙝𝙚 𝙧𝙞𝙜𝙝𝙩 𝙬𝙖𝙮 𝙛𝙤𝙧𝙬𝙖𝙧𝙙. 🔭 𝙏𝙝𝙚 𝙒𝙚𝙚𝙠 𝘼𝙝𝙚𝙖𝙙 This week brings several important tests for the market. 𝙏𝙝𝙚 𝙢𝙖𝙞𝙣 𝙢𝙖𝙘𝙧𝙤 𝙚𝙫𝙚𝙣𝙩 𝙞𝙨 𝙁𝙧𝙞𝙙𝙖𝙮'𝙨 𝙈𝙖𝙮 𝙐.𝙎. 𝙚𝙢𝙥𝙡𝙤𝙮𝙢𝙚𝙣𝙩 𝙧𝙚𝙥𝙤𝙧𝙩, where economists expect only modest job growth and the unemployment rate to remain around 4.3%. Investors will also follow JOLTS job openings, manufacturing and services data, productivity numbers, and the Federal Reserve's Beige Book for clues about economic momentum. The 𝙚𝙖𝙧𝙣𝙞𝙣𝙜𝙨 𝙘𝙖𝙡𝙚𝙣𝙙𝙖𝙧 is also important. $AVGO (Broadcom Inc) , $CRWD (Crowdstrike Holdings) , Hewlett Packard Enterprise, Palo Alto Networks and Docusign will report, with 𝘽𝙧𝙤𝙖𝙙𝙘𝙤𝙢 𝙡𝙞𝙠𝙚𝙡𝙮 𝙩𝙤 𝙗𝙚 𝙬𝙖𝙩𝙘𝙝𝙚𝙙 𝙚𝙨𝙥𝙚𝙘𝙞𝙖𝙡𝙡𝙮 𝙘𝙡𝙤𝙨𝙚𝙡𝙮 𝙖𝙨 𝙖𝙣𝙤𝙩𝙝𝙚𝙧 𝙧𝙚𝙖𝙙 𝙤𝙣 𝘼𝙄 𝙞𝙣𝙛𝙧𝙖𝙨𝙩𝙧𝙪𝙘𝙩𝙪𝙧𝙚 𝙨𝙥𝙚𝙣𝙙𝙞𝙣𝙜. AI will also stay in focus through major industry events. Computex Taipei and Microsoft Build are 𝙚𝙭𝙥𝙚𝙘𝙩𝙚𝙙 𝙩𝙤 𝙗𝙧𝙞𝙣𝙜 𝙖𝙣𝙣𝙤𝙪𝙣𝙘𝙚𝙢𝙚𝙣𝙩𝙨 𝙖𝙧𝙤𝙪𝙣𝙙 𝘼𝙄 𝙋𝘾𝙨, 𝙙𝙖𝙩𝙖𝙘𝙚𝙣𝙩𝙚𝙧𝙨, 𝙨𝙤𝙛𝙩𝙬𝙖𝙧𝙚, 𝙨𝙚𝙢𝙞𝙘𝙤𝙣𝙙𝙪𝙘𝙩𝙤𝙧𝙨 𝙖𝙣𝙙 𝙧𝙤𝙗𝙤𝙩𝙞𝙘𝙨. $NVDA (NVIDIA Corporation) has already attracted attention at Computex with new AI PC-related products and partnerships. There will also be 𝙖𝙘𝙩𝙞𝙫𝙞𝙩𝙮 𝙞𝙣 𝙩𝙝𝙚 𝙄𝙋𝙊 𝙖𝙣𝙙 𝙘𝙤𝙧𝙥𝙤𝙧𝙖𝙩𝙚 𝙖𝙘𝙩𝙞𝙤𝙣 𝙢𝙖𝙧𝙠𝙚𝙩. Quantinuum, backed by Honeywell, is preparing one of the largest quantum computing IPOs of the year, while FedEx Freight has completed its spin-off from FedEx and started trading as a separate company. 𝙄𝙣 𝙨𝙝𝙤𝙧𝙩, 𝙩𝙝𝙞𝙨 𝙬𝙚𝙚𝙠 𝙨𝙝𝙤𝙪𝙡𝙙 𝙜𝙞𝙫𝙚 𝙪𝙨 𝙖 𝙗𝙧𝙤𝙖𝙙𝙚𝙧 𝙫𝙞𝙚𝙬 𝙤𝙛 𝙩𝙝𝙚 𝙢𝙖𝙧𝙠𝙚𝙩: 𝙟𝙤𝙗𝙨, 𝙧𝙖𝙩𝙚𝙨, 𝙚𝙖𝙧𝙣𝙞𝙣𝙜𝙨, 𝘼𝙄 𝙙𝙚𝙢𝙖𝙣𝙙 𝙖𝙣𝙙 𝙘𝙤𝙧𝙥𝙤𝙧𝙖𝙩𝙚 𝙧𝙚𝙨𝙩𝙧𝙪𝙘𝙩𝙪𝙧𝙞𝙣𝙜 𝙖𝙡𝙡 𝙘𝙤𝙢𝙚 𝙩𝙤𝙜𝙚𝙩𝙝𝙚𝙧 𝙖𝙩 𝙩𝙝𝙚 𝙨𝙖𝙢𝙚 𝙩𝙞𝙢𝙚. 𝙒𝙞𝙨𝙝𝙞𝙣𝙜 𝙮𝙤𝙪 𝙖 𝙥𝙧𝙤𝙨𝙥𝙚𝙧𝙤𝙪𝙨 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙬𝙚𝙚𝙠 𝙖𝙝𝙚𝙖𝙙! 👍

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