Bogdan Sumaruk @Sir_H_Pennywise: "𝗪𝗲𝗲𝗸𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲 - 𝟭𝟴 𝗠𝗮𝘆..."

Italy

𝗪𝗲𝗲𝗸𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲 - 𝟭𝟴 𝗠𝗮𝘆 𝘁𝗼 𝟮𝟰 𝗠𝗮𝘆 𝟮𝟬𝟮𝟲 this week +0,5% This week was a reminder that markets can be positive overall and still feel uncomfortable along the way. I finished the week up +0.5%, which is a decent result, but still a bit behind the broader index, as the S&P 500 gained about 0.9% for the week. The main story was the same one investors have been watching for weeks: inflation stayed sticky, Treasury yields remained a source of pressure, and growth stocks had to deal with a more cautious mood. That environment made the market less forgiving for high-beta names and more selective about what it rewarded. Nvidia was obviously the headline event. The company delivered a strong earnings report and upbeat guidance, which helped keep the AI trade alive, even if the market reaction was not perfectly smooth. That kind of response is pretty normal when expectations are already sky-high; good news is still good news, but it does not always produce an immediate fireworks show. For my portfolio, the setup explains a lot of the week-to-week movement. I still have a heavy technology tilt at 46.0% of stocks, with meaningful positions in $CRDO (Credo Technology Group Holding Ltd) $GOOG (Alphabet) $MU (Micron Technology, Inc.) $ASML (ASML Holding NV) just to name a few .. while Industrials make up 20.9% and Materials 13.9%. That mix gives me growth exposure, but it also means I can lag when the market rotates aggressively into the biggest index names or when tech pauses for air. On the more defensive side, I still have 16.2% in $BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) which helped cushion the portfolio a bit during the choppier moments. So while I did trail the index, I’m not unhappy with how the portfolio behaved overall, especially in a week where the market was trying to digest macro pressure and a major Nvidia earnings release at the same time. Next week, I’ll be watching three things closely. First, whether the market keeps rewarding the AI and semiconductor trade after Nvidia’s results, or whether investors start rotating again. Second, whether yields and inflation expectations ease enough to give growth stocks a little breathing room. Third, whether the recent strength in the index continues, because after a strong run, the market often becomes a bit more selective. 𝟮𝟬𝟮𝟲 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲: +25% Thank you to everyone copying and following the strategy. The week was positive, the portfolio stayed disciplined, and the race is far from over. Bogdan Disclaimer: This is not financial advice. Investing involves risk. Past performance does not guarantee future results.

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