Wesley Nolte @Wesl3y: "𝗧𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁’𝘀 𝗦𝘁𝗼𝗿𝘆 𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸..."

United Kingdom

𝗧𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁’𝘀 𝗦𝘁𝗼𝗿𝘆 𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸 🚀 The past week’s trading session was marked by resilience. Despite the ongoing US government shutdown and other geopolitical noise, major US indices pushed toward record levels. The $SPX500 and Nasdaq set new all‑time highs as investors digested a flood of earnings reports and good progress on US–China trade relations. For me, the standout earnings news came from $GOOG (Alphabet), which delivered the first $ 100 billion revenue quarter in its history, reinforcing the idea that AI and cloud computing continue to drive tech-sector momentum. Overall there’s a sense that the market is climbing a wall of worry. 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝘀 𝗔𝗻𝗱 𝗠𝗼𝘃𝗲𝘀 📈 * $MELI (MercadoLibre Inc) - I’ve added on strength as the election noise fades and the Latin American commerce/fintech economy is still growing in the double digits. * I traded my cash hoard for $ BIL + $ TLT. These are bond ETFs (paying “dividends”) that are focussed on very different durations. Think of these almost as “cash with benefits”. * $BABA (Alibaba-ADR) - the stock is ~70% YTD on cloud/AI, firmer core commerce, and easing US–China tensions. The Trump-Xi meeting works in favour of this stock. * Google is at ATHs for a reason. Ads are back to low-teens growth, cloud growth is incredible, and CAPEX is aimed at AI infra. * $AMZN (Amazon.com Inc) AWS re-accelerated with sales +20% to $ 33B; company revenue $ 180.2B (+13%) with Q4 guide $ 206–213B. AI infra spend is a big risk, but the market liked the growth and the stock has popped today. * Apple: Q4 beat with revenue +8%; record iPhone + record Services (Apple Music, App Store etc.) into the holidays. It’s looking a touch expensive, but the best companies often are. * Microsoft - Azure +40%, Microsoft Cloud +26% signalling that AI demand is still outrunning capacity. 𝗟𝗼𝗼𝗸𝗶𝗻𝗴 𝗔𝗵𝗲𝗮𝗱 🔭 Big tech largely cleared the bar set by the market. Now it’s time to focus on future guidance, and capex (how much they’re spending). My stock market base case: optimistic but picky with some hedging. I’ll add on dips, sell on spikes, and keep some ammo ready.

5 Mentioned

SPX500

GOOG

MELI

BABA

AMZN

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