📊 Weekly Update | Sniper Strategy
Hi all 👋
Another difficult week for markets, with volatility remaining elevated and risk assets continuing to struggle.
The primary driver this week was the latest Federal Reserve meeting, which was interpreted as more hawkish than many investors had hoped. As a result, markets spent much of the week reassessing expectations around future rate cuts and economic growth.
At the same time, Bitcoin continues what appears to be a prolonged bottoming process, which is rarely comfortable while it’s happening.
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📉 What Moved Markets?
The key themes remain:
• Hawkish Federal Reserve messaging
• Ongoing uncertainty around the timing of future rate cuts
• Elevated geopolitical tensions
• Continued volatility across risk assets
• Investor caution and reduced risk appetite
One of the more significant developments continues to be the situation around the Strait of Hormuz.
While geopolitical events often create short-term market uncertainty, they can also have knock-on effects throughout the global economy.
Energy prices remain one of the key variables to watch over the coming weeks, as they will play an important role in future inflation readings.
Should energy pressures ease, there is a reasonable possibility that upcoming CPI data could be more constructive than many currently expect, which may provide some relief for both equities and risk assets.
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🪙 Bitcoin Update
Bitcoin remains the most discussed asset within the portfolio.
Price action continues to be frustrating, but I remain focused on the longer-term picture rather than day-to-day volatility.
One of the more interesting observations is that several on-chain valuation metrics are now sitting at historically depressed levels.
In particular, MVRV (Market Value to Realised Value) has moved into territory that has historically coincided with periods of significant undervaluation and long-term opportunity.
Of course, no indicator is perfect and bottoms can take time to form.
Markets rarely provide a clean signal that the worst is over.
However, periods of extreme pessimism have historically been where some of the strongest future returns were ultimately generated.
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🔄 Portfolio Positioning
The portfolio continues to evolve toward the long-term structure I discussed previously.
Current core holdings remain:
🥇 Gold ($GLD)
🪙 Bitcoin ($BTC)
🏥 Eli Lilly ($LLY)
🛡 McKesson (MCK)
🤖 Nvidia ($NVDA)
The objective remains unchanged:
Build a portfolio capable of producing attractive long-term returns while reducing dependency on any single asset or market theme.
Rotation continues gradually and deliberately.
Importantly, I am not looking to aggressively sell quality positions at significant losses simply to hit target allocations immediately.
Instead, changes are being made patiently and with discipline as opportunities arise.
This helps avoid emotional decision-making while still moving the portfolio toward its intended long-term structure.
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🎯 Looking Ahead
The next few weeks will likely continue to be driven by:
• Inflation data
• Interest rate expectations
• Energy markets
• Geopolitical developments
• Signs that risk appetite is returning
None of those are particularly predictable in the short term.
What is predictable is that markets eventually move through these periods just as they always have.
The focus therefore remains on process rather than prediction.
Maintaining diversification.
Managing risk.
Staying patient.
And continuing to position the portfolio for where markets may be over the next several years rather than the next several weeks.
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📈 Final Thoughts
It’s never enjoyable seeing red across large parts of the portfolio.
But these are exactly the periods where discipline matters most.
Many of the strongest long-term investment opportunities are born from periods of maximum uncertainty and weak sentiment.
For now, the strategy remains unchanged:
Stay patient, continue rotating methodically, avoid emotional decisions, and focus on the bigger picture.
Thanks as always to everyone following and copying the strategy.
Have a great week all 👍
— Matt (@capimatt)... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
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Fri Aug 07 2026 23:41:06 GMT+0000 (Coordinated Universal Time)
