James Paterson @Airwalk86: "Good afternoon guys from Biên..."

United Kingdom

Good afternoon guys from Biên Hòa and my final few days in Vietnam. I've been keeping a loose watch on markets during my month here but I've mainly stayed hands off and let the markets play out as I believe the portfolio is positioned well going forwards. The portfolio has swung regularly from outperformance/underperformance and back again but currently we're posting + 4% gains ytd vs + 8% from $NDQ mainly due to a poor ten days or so from $RKLB (Rocket Lab Corp) . We remain in a news-driven market with the U.S/Iran situation seemingly far from resolved however markets seem to be climbing the infamous 'wall of worry' as they so often do. Tom Lee is an investor I follow closely and an opinion I always take heed of. Tom makes the argument for a broadening out of the current rally into some of this year's laggards with some possible uncertainty above 7,300pts on $SPX (which we're only about 1% away from). We're positioned quite well for such an event with Crypto of course being the biggest laggard of them all so far of 2026. Software is also another big underperformer to date. We currently own $ADBE (Adobe Systems Inc) which I think will come good but I am considering to also add some $MSFT (Microsoft) or $ORCL (Oracle Corporation) as both currently sit negative double figures this year to date. In summary we stay positioned and add another position or two to try to find some alpha. Thanks for reading guys, Cheers James

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