📊 Weekly Update | Sniper Strategy
Hi all 👋
Another challenging week for markets, with volatility continuing across multiple asset classes and very little in the way of obvious safe havens.
While short-term performance remains frustrating, weeks like this are often where some of the most important long-term portfolio decisions get made.
Rather than reacting emotionally to market moves, I’ve spent a significant amount of time over the last few weeks reviewing the strategy, running additional analysis, stress-testing allocations and evaluating how the portfolio can continue to evolve for the next phase of the cycle.
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📉 Market Backdrop
The current environment remains difficult.
We’re seeing:
• Continued volatility across equities
• Bitcoin struggling to establish a clear trend
• Gold pulling back after a strong run
• Investors rotating rapidly between risk-on and risk-off assets
• Ongoing uncertainty around rates, growth and geopolitics
What’s notable is that many traditionally defensive assets have also experienced weakness recently.
When both growth assets and defensive assets come under pressure at the same time, it can create the impression that “nothing is working.”
Historically, these periods tend to feel far worse in real time than they look in hindsight.
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🔄 Portfolio Evolution
One of the biggest pieces of work this week has been around portfolio construction.
I’ve been using a combination of research, backtesting, AI-assisted analysis and scenario modelling to evaluate how the strategy can be improved over the long term.
The conclusion was interesting.
The highest-return portfolio is not necessarily the best portfolio.
For a public eToro strategy, consistency matters.
Managing drawdowns matters.
Keeping copiers invested through difficult periods matters.
As a result, I have begun gradually rotating toward a structure that is designed to deliver strong long-term compounding while reducing dependence on any single theme.
The current target allocation is approximately:
🥇 Gold (GLD / GLDM) – 30%
🏥 Eli Lilly ($LLY) – 25.5%
💵 BIL – 12%
🪙 Bitcoin ($BTC) – 10.6%
🤖 Nvidia ($NVDA) – 8.5%
🛡 McKesson ($MCK) – 8.4%
🏦 SHY – 5%
This isn’t a sudden shift in philosophy.
It’s an evolution of the same core principles:
• Quality businesses
• Long-term secular growth
• Defensive diversification
• Risk management
• Sensible exposure to innovation
This will not happen overnight, and my conviction remains in the assets I hold. but over the coming months as we move into 2027 this will be the gradual rotation.
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🎯 Why Reduce BTC?
This is probably the question many people will ask.
My long-term view on Bitcoin remains extremely positive.
That hasn’t changed.
However, analysis consistently showed that while larger BTC allocations can improve returns, they also increase volatility and drawdowns significantly.
For personal portfolios that may be acceptable.
For a public strategy with copiers, I believe controlled conviction is the better approach.
Bitcoin remains an important part of the portfolio.
It simply won’t be responsible for the majority of portfolio risk moving forward.
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🏥 Why Healthcare?
One theme that repeatedly stood out in the analysis was healthcare.
Both Eli Lilly and McKesson continue to look attractive as long-term compounders.
McKesson has had a difficult period recently, but operationally the business remains exceptionally strong and appears to be stabilising.
Eli Lilly continues to benefit from powerful structural trends around obesity treatment, diabetes and broader healthcare demand.
Combined, they provide a quality-focused defensive growth sleeve that complements the rest of the portfolio well.
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📈 The Goal
The objective remains unchanged:
Not to chase every rally.
Not to predict every correction.
Not to maximise returns at any cost.
The goal is to build a portfolio capable of compounding capital over many years while keeping drawdowns manageable enough that investors can stay invested through difficult periods.
The strongest strategy is often not the one with the highest theoretical return.
It’s the one people can actually stick with.
As always, rotations will be made gradually and with discipline rather than reacting emotionally to short-term market moves.
Thanks to everyone continuing to follow along and copy the strategy.
Have a great week all 👍
— Matt (@capimatt)... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
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Fri Aug 07 2026 11:31:02 GMT+0000 (Coordinated Universal Time)
