Michael Jensen @GenesisGains: "Hello, everyone US markets staged..."

Denmark

Hello, everyone US markets staged a powerful rebound this week as investors reacted positively to renewed headlines suggesting progress in negotiations with Iran. The $NSDQ100 has recovered from a low of 28,185 on June 9 to around 29,600 today, while the $SPX500 has bounced from roughly 7,225 to 7,445. Much of this recovery appears linked to hopes that tensions in the Middle East may ease, reducing concerns about oil supply disruptions and inflationary pressures. However, it is worth noting that we have seen several similar announcements over recent months without a final agreement being reached. Markets continue to react aggressively to every headline, creating significant swings in both directions. One interesting observation is that the recent rally occurred on lower trading volume than the previous selloff. At the same time, volatility dropped sharply, although history suggests that volatility spikes rarely disappear after a single strong market session. $OIL remains another key area to watch. Despite continued uncertainty surrounding the Strait of Hormuz, crude prices have remained below the levels many analysts expected. Some major institutions still believe energy markets could face significant pressure if tensions escalate again. Today also brings the highly anticipated SpaceX IPO. Beyond the excitement surrounding the listing itself, the offering serves as another sign that investor appetite for growth and technology-related assets remains extremely strong. Meanwhile, the AI theme continues to dominate markets. Semiconductor companies, software firms and data-centre infrastructure providers remain key beneficiaries, although some investors are beginning to question whether the enormous spending currently taking place will ultimately justify today's valuations. 🔎 What I'm Watching • Developments regarding Iran and the Strait of Hormuz. • Oil prices and inflation expectations. • Whether the NASDAQ can hold above 29,500 after this sharp rebound. • Market breadth, which remains less convincing than the headline indices suggest. • Reactions to the SpaceX IPO and what it tells us about investor risk appetite. 💡 A Personal Note One statistic I am particularly pleased with is how resilient our portfolio has been during the recent market volatility. While the NASDAQ corrected by 8.36%, falling from 30,755 to 28,185, our maximum drawdown during that period was approximately 1.5%. Even when the market reached its lowest point, our portfolio was still showing more than 10% profit for the year. Today, our performance stands at 11.12% for 2026, while our current drawdown for June is just 0.03%. What makes this especially encouraging is that the NASDAQ remains roughly 1,200 points below its all-time high. In other words, our portfolio is already operating very close to its own peak performance levels while the broader market has not yet fully recovered. To me, this highlights the importance of risk management. Strong returns are important, but protecting those returns during periods of uncertainty is what allows us to stay positioned for future opportunities. The NASDAQ still has around 1,200 points to climb before reaching a new all-time high. The fact that our portfolio is already near its own highs suggests there is still meaningful upside potential ahead if market conditions continue to improve. As always, thank you for your trust and confidence. $MRVL (Marvell Technology Group Ltd) $MU (Micron Technology, Inc.)

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