Joey Diekstra @JoeyDiekstra: "𝐌𝐚𝐫𝐤𝐞𝐭 & 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐔𝐩𝐝𝐚𝐭𝐞 It’s been..."

Netherlands

𝐌𝐚𝐫𝐤𝐞𝐭 & 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐔𝐩𝐝𝐚𝐭𝐞 It’s been a while since I last shared an update, so here is a brief overview of what I’m seeing in markets and how I’m positioning the portfolio. 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 - Markets are somewhat in limbo, with the $SPX500 trading around the 6,700 level. - Inflation has cooled, but remains above the 2% target, and a second wave cannot be ruled out. - The Federal Reserve remains in easing mode, while the ECB has now kept rates stable for the fourth time in a row, signalling a neutral stance with no changes expected anytime soon. - Visibility is lower than usual as some key US data releases have been delayed, making short-term macro signals harder to interpret. - AI-related companies have come under pressure, with valuations being reassessed; $ORCL (Oracle Corporation) dropped nearly 50% from its peak in just weeks. - Cryptocurrencies have also weakened, especially altcoins (-50% to -90%), while $BTC has held up relatively better but overall sentiment has cooled. - The clear outperformer remains the precious metals sector, with $GOLD and $SILVER reaching new all-time highs. Momentum will turn at some point, but for now the trend remains strong. 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 & 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 - We are on track to achieve a return of >50% for the year, with the potential to close all 12 months in green, my best result on eToro so far. - This has been achieved with risk levels between 3 and 5, driven by precious metals, mining stocks, and selected single stocks and ETFs. - Over the past 1–2 months, I have increased cash to around 20%, anticipating some volatility and a potential reversal in precious metals. - I expect to take additional profits and raise cash further if conditions play out as expected. - Later this year, I’ll share my outlook for next year and an updated strategy roadmap.

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