Daniel Rochlitz @Danielovic135: "📊 Weekly Update: Stability, Macro..."

Slovakia

📊 Weekly Update: Stability, Macro Signals & Selective Buying Markets traded in a relatively stable tone this week. U.S. indices edged higher, while in Europe defensive and energy names held firm. The portfolio is now up +4.14 % year-to-date. 🌍 Key Themes This Week 1️⃣ AI Disruption The market is becoming more selective in the AI era. Traditional software businesses are under pressure as AI agents begin to replace older, less efficient solutions. While elevated tech spending worries some investors, I see the ongoing repricing as an opportunity to accumulate high-quality companies at more rational valuations. 2️⃣ U.S. Macro Latest data showed U.S. GDP growth slowed to 1.4% in Q4, partly impacted by the government shutdown. At the same time, PCE inflation remains above the Fed’s target. This reinforces the “higher for longer” rate environment. A backdrop that continues to favor our stable, dividend-paying positions. 3️⃣ Geopolitics Tensions in the Middle East, particularly around the Strait of Hormuz (a route responsible for ~20% of global oil trade), pushed energy prices higher. That provides a meaningful tailwind to the energy exposure in our portfolio, helping balance volatility in other sectors. 🔄 Portfolio Activity During earnings season, I executed 34 trades. Recent additions include: $MU (Micron Technology, Inc.) $ORCL (Oracle Corporation) $NFLX (Netflix, Inc.) $BABA (Alibaba-ADR) Dividends: 31 out of 38 holdings pay dividends. Average yield: 1.68% Highest yield: $ISP.MI (Intesa Sanpaolo Group) at 6.57% 🎯 Strategy My approach remains the same: Maintain a strong technology core Monitor inflation trends closely Use short-term pullbacks to gradually increase high-quality positions Risk is not being increased. Have a great weekend.