Monthly Report
Strong Rotation into Tech in preparation for the 3 largest IPOs in history.
Dear Followers and Copiers,
First of all,
I want to thank all the new copiers for the confidence they are giving me.
You can track our Portfolio and check several statistics, opening this link, and saving it in your bookmarks, no need to login, just enter as anonymous.
https://sso-boilerplate-copy-282c321b.base44.app
We completed the month of May, in red with a loss of 2,65% (inclusive of commissions and dividends).
We have 2,29% gains from the beginning of the year.
The main cause of the monthly decline is the very heavy correction on the Walmart shares, that is probably overdone, for various reasons, from the fear of a slowing economy (which normally advantage stocks such as this one), to the rotation of capitals into the IPOs and AI tech.
I still consider Walmart a great and solid company, and I expect that it will recover in a few months, after this capital rotation is completed. It is the only high P/E company we have our Portfolio because of its history of great performances over time.
FOMO is fueling the AI rotation of capitals and of course the IPOs coming that are so enormous that can initially act as tech stocks support but very quickly can become cause of strong instability, probably from next year.
Our portfolio has a very low average P/E as you can see in the picture about 20, with 50% of our assets actually below 15x, with a diversification score of 0.16 according to our AI analysis.
This is about 50% lower than the average Nasdaq 100 P/E which is around 40x.
In addition we have gold and silver that are currently depressed for the same reasons mentioned above and the fact that the market is discounting a rate hike increase in the near future.
This makes it a very good time to begin loading a bit on them.
This portfolio can be a very interesting diversifier if used to complement a Crypto and tech rich Portfolio and I believe that after a few months of strong volatility, we will complete the fourth consecutive profitable year, in line with the previous years.
Best Regards to everyone and good trading,
Daniele
... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
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