eToroInvestment @eToroInvestment: "🌐 𝐖𝐞𝐞𝐤𝐥𝐲 𝐯𝐢𝐞𝐰 𝐟𝐫𝐨𝐦 𝐞𝐓𝐨𝐫𝐨..."

eToro

🌐 𝐖𝐞𝐞𝐤𝐥𝐲 𝐯𝐢𝐞𝐰 𝐟𝐫𝐨𝐦 𝐞𝐓𝐨𝐫𝐨 🌐 𝐔𝐒 𝐝𝐞𝐛𝐭 𝐜𝐞𝐢𝐥𝐢𝐧𝐠 𝐝𝐞𝐚𝐥 𝐫𝐞𝐥𝐢𝐞𝐟 𝑾𝒊𝒏𝒏𝒆𝒓𝒔 𝒂𝒏𝒅 𝒍𝒐𝒔𝒆𝒓𝒔 𝒇𝒓𝒐𝒎 𝒕𝒉𝒆 𝑼𝑺 𝒅𝒆𝒃𝒕 𝒅𝒆𝒂𝒍 The last-minute 2-year US debt ceiling deal gives markets one less thing to worry about. But don’t expect a big relief rally, having seen no big sell-off and with some macro costs still to come, with $100bn/yr. budget cuts, $1trn of bond issuance, and a potential Fitch AAA debt rating downgrade. Consumer is to face pressure from welfare cuts and the 3.5yr student loan re-start. But Defence, healthcare, and energy to see relief. 𝑫𝒆𝒃𝒕 𝒅𝒆𝒂𝒍 𝒂𝒏𝒅 𝑨𝑰 𝒐𝒑𝒕𝒊𝒎𝒊𝒔𝒎 𝒅𝒓𝒊𝒗𝒆𝒔 𝒎𝒂𝒓𝒌𝒆𝒕𝒔 Stock markets closed May strong as US debt deal passed, jobs growth eased recession fears, and Fed pushed back on a June hike. Europe core inflation fell below the US. China stocks bounced from bear market, after -20% vs January. $NVDA (NVIDIA Corporation) became only 9th stock to hit $1 trillion market cap on AI optimism. $BLND.L (British Land) dumped from FTSE 100 in real estate hit. Video updates, twitter @laidler_ben. 𝑲𝒊𝒄𝒌𝒊𝒏𝒈 𝒐𝒇𝒇 𝒕𝒉𝒆 𝒔𝒖𝒎𝒎𝒆𝒓 Harder won but positive returns ahead as enter peak summer. June typically 2nd weakest month of year. Concerns focused on more US Fed hikes and bond issuance indigestion. 𝑨𝑰 𝒎𝒐𝒗𝒆𝒔 𝒇𝒓𝒐𝒎 𝒉𝒐𝒑𝒆 𝒕𝒐 𝒓𝒆𝒂𝒍𝒊𝒕𝒚 $NVDA led move to AI sales reality, and remade case for thematic investing. Retail investors early into AI boom. Whilst underperformance of AI-driven ETF reminder it's not infallible. 𝑨𝒑𝒑𝒍𝒆’𝒔 ‘𝒏𝒆𝒘 𝒆𝒓𝒂’ $AAPL (Apple) May launch AR/VR headset in first product since 2016. Firming growth prospects and supporting recent rally, reignite enthusiasm for out-of-favour metaverse, and further boost Semis. 𝑻𝒉𝒆 𝒃𝒆𝒔𝒕 𝒐𝒇 𝒃𝒐𝒕𝒉 𝒃𝒐𝒏𝒅 𝒘𝒐𝒓𝒍𝒅𝒔 $IBDQ $IBDP $IBDR $IBTF $IBTF Bond funds $80bn inflows as equity funds lost $90bn, as investors sought security and income. Target Maturity ETFs a growing niche with single bond experience but ETF benefits. 𝑪𝒓𝒚𝒑𝒕𝒐 𝒂𝒔𝒔𝒆𝒕𝒔 𝒔𝒊𝒕 𝒐𝒖𝒕 𝑨𝑰 𝒄𝒓𝒂𝒛𝒆 Crypto markets largely immune to broader tech rally, with correlation low. $BTC and $ETH held on to asset class leading gains this year. $XRP gained on SEC lawsuit end hopes, and $LTC on coming August 10th halving. Largest interdealer broker $TCAP.L (TP ICAP PLC) launched crypto trading, whilst miner $CLSK (Cleanspark Inc) spent $40 million on new rigs. 𝑬𝒏𝒆𝒓𝒈𝒚 𝒑𝒓𝒊𝒄𝒆𝒔 𝒉𝒐𝒍𝒅 𝒃𝒂𝒄𝒌 𝒄𝒐𝒎𝒎𝒐𝒅𝒊𝒕𝒊𝒆𝒔 Brent ($EuroOIL) fell toward $70/bbl ahead of OPEC meeting with hope low for production cuts. US $NATGAS fell toward key $2.0/MMBtu on output rises. 40% $EuroNatGas.FUT plunge in last month pulled down carbon credits to 4-month low. $XOM (Exxon-Mobil) and $CVX (Chevron) climate resolution support plunged at AGMs. Metals up on China property support hopes. 𝑻𝒉𝒆 𝒘𝒆𝒆𝒌 𝒂𝒉𝒆𝒂𝒅: 𝑶𝑷𝑬𝑪, 𝑪𝒉𝒊𝒏𝒂, 𝑨𝒑𝒑𝒍𝒆, 𝒆𝒂𝒓𝒏𝒊𝒏𝒈𝒔 1) Digesting OPEC+ six-month Vienna meeting as Brent 40% off high. 2) China services PMI, trade ($CHINA50), inflation and new stimulus as -20% bear market. 3) $AAPL potential AR/VR headset launch (Mon) in first new segment since 2016. 4) Earnings $NIO (Nio Inc.-ADR) to $ITX.MC (Industria de Diseno Textil SA), $WIZZ.L (Wizz Air Holdings Plc) and $GME (GameStop Corp.) . 𝑶𝒖𝒓 𝒌𝒆𝒚 𝒗𝒊𝒆𝒘𝒔: 𝑨 𝒈𝒐𝒍𝒅𝒊𝒍𝒐𝒄𝒌𝒔 𝒎𝒐𝒎𝒆𝒏𝒕 Markets boosted by resilient economic growth and gradually easing inflation pressure. We see a market recovery but with coming bumps in road. Coming slowdown hurts earnings. But low yields help valuations. Focus on cheap and defensive assets from healthcare to big tech. More cautious on cyclicals and banks. ⚠️Please note, this is not investment advice⚠️ *Past performance is not indicative of future results.