Dear copiers and followers,
Welcome to the other side. March has been brutal. I partly blame myself for jinxing our success. April brought a much needed breath. We are not back to all-time highs yet, but we are getting there. Please remember, volatility is the name of the game now.
I am finally selling Skyworks Solutions. It looks like Broadcom and Qualcomm will take over most of the business; another case of big fish eating the smaller one. I finally pulled the plug. Skyworks was one of our smallest market cap positions. The other small-cap positions, A. O. Smith and McCormick, are also on shaky ground. The market is teaching me not to bet on the small player, but to focus on the larger, more dominant companies.
On the macro side, we’re in a dense news cycle. A wave of major earnings is underway, with more coming this week. At the same time, several G7 central banks are making rate decisions, including the Federal Reserve. 3 megacap tech companies are reporting on Wednesday, same day as the FED, with Apple on Thursday. There’s also political activity, including developments around Kevin Warsh. With so much happening, it’s not easy to stay calm — but again, volatility is the new normal.
I did not associate anything happening with the war because while people are suffering, associating our financial fortunes with the hardship they are feeling seemed wrong. I have a sister living in the region, going through part of the hardship. I hope people would go back to their normal lives soon and this fragile ceasefire would end hostilities.
Stay safe, and happy investing,
Mehmet... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
6
0
0
.
We use our own and third-party cookies on our websites to enhance your experience, analyze traffic, and for security and marketing. For more info, see our Cookie Policy or go to Manage Settings.
Privacy Preference Center
When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.
More information
Manage Consent Preferences
Strictly Necessary Cookies
Always Active
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.
Functional Cookies
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
Cookie List
label
ConsentLeg.Interest
label
label
label
Sat Aug 08 2026 07:22:14 GMT+0000 (Coordinated Universal Time)
