Massimiliano Spallanzani @TradingInvest890: "April brought one of the..."

Italy

April brought one of the strongest equity months since 2020. After the sharp drop tied to the US-Iran conflict and the Strait of Hormuz blockade, the $SPX500 closed the month up over 10% and the $NSDQ100 above 15%, both at new all-time highs. A solid Q1 earnings season and easing oil prices helped sentiment recover faster than many expected. $BTC followed a similar path, gaining around 15% and reclaiming $ 77K, with spot ETFs recording their strongest monthly inflows of 2026. Against this backdrop, I deployed capital selectively, bringing liquidity from around 55% down to roughly 48%. While much of the retail flow rotated into energy, defence and commodities, I preferred quality at a discount and continued Asian exposure. Key moves of the month: - $BABA (Alibaba-ADR): incremented across multiple entries, building on the China AI thesis. The Qwen models and Accio Work enterprise platform are gaining real commercial traction. - $MC.PA (LVMH Moet Hennessy Louis Vuitton SA): added after Q1 results, with Asia ex-Japan showing its best growth since 2023 despite a 25%+ YTD drawdown. - $NFLX (Netflix, Inc.): opened on the post-earnings 10% drop. Revenue grew 16% and full-year guidance was reaffirmed. - $AAL (American Airlines Group Inc): tactical entry near multi-month lows. - $ENI.MI (Eni Energy Company): incremented to keep balanced energy exposure. - $XRP and $TRX: small crypto adjustments, including a staking allocation on TRX. The lower cash position reflects targeted opportunities, not a shift in strategy. The medium-to-long-term, low-risk approach stays fully intact. Looking to May: on Big Tech earnings, Middle East developments, and any signal on Fed direction. Thank you to everyone copying the portfolio for the continued trust. Happy investing!

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