Johann-Nepomuk Ernst Josef Hoffer von Ankershoffen @JvAnkershoffen: "📊 𝗪𝗲𝗲𝗸𝗹𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗨𝗽𝗱𝗮𝘁𝗲 |..."

Johann-Nepomuk Ernst Josef Hoffer von Ankershoffen

Germany

📊 𝗪𝗲𝗲𝗸𝗹𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗨𝗽𝗱𝗮𝘁𝗲 | 𝗪𝗲𝗲𝗸 31 | 🇩🇪 𝐓𝐨𝐩 5️⃣ 😎 1️⃣0️⃣1️⃣5️⃣𝗰𝗼𝗽𝗶𝗲𝗿𝘀 📊 𝟮𝟬𝟮𝟯: +54.77% 📊 𝟮𝟬𝟮𝟰: +79.49% 📊 𝟮𝟬𝟮𝟱: +15.93% 📊 𝟐𝟎𝟐𝟔: -13.90% Good morning everyone and welcome to a new trading week! After several relatively quiet weeks, it finally feels like markets may be ready to wake up again. We have a busy week ahead with key macro events and some of the most important earnings reports of the quarter. There are finally enough catalysts on the horizon that could push markets out of their recent sideways trading range. 💼 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗨𝗽𝗱𝗮𝘁𝗲 🚀 𝗖𝗼𝗿𝗲 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 Last week was disappointing for our portfolio as the broader AI and technology sector experienced another pullback. Unsurprisingly, many of the biggest winners of recent months also saw the sharpest corrections. Momentum works both ways. Despite the recent weakness, my long-term investment thesis remains unchanged. Demand for AI infrastructure continues to be exceptionally strong, order books remain healthy and the world's largest technology companies continue investing aggressively. While market sentiment has weakened in the short term, I don't see any meaningful deterioration in the underlying fundamentals. That's why I used the recent weakness to selectively increase positions in companies such as $AEHR (Aehr Test System) Test Systems, $RKLB (Rocket Lab Corp) Lab and $NBIS (Nebius Group NV) where I continue to see attractive long-term risk/reward opportunities. 🛡️ 𝗦𝗮𝘁𝗲𝗹𝗹𝗶𝘁𝗲 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 Our satellite allocation remains focused on the 𝗵𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲 𝘀𝗲𝗰𝘁𝗼𝗿 which has once again provided stability during recent market volatility. Diversification remains an important part of our strategy, especially during periods when growth stocks experience higher volatility. ⚖️ 𝗥𝗶𝘀𝗸 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 We are still underperforming the broader market, which is obviously not the objective. However, this is part of the strategy we deliberately follow. Our goal is not to participate in every rally at any cost. Instead, we actively try to reduce downside risk during periods where we believe markets have become vulnerable. Naturally, that also means some assumptions will prove wrong in hindsight. 𝗿𝗶𝘀𝗸 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗮𝗹𝘄𝗮𝘆𝘀 𝗰𝗼𝗺𝗲𝘀 𝗯𝗲𝗳𝗼𝗿𝗲 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗰𝗵𝗮𝘀𝗶𝗻𝗴. Trying to recover temporary underperformance by taking excessive risks is one of the biggest mistakes an investor can make. I'm convinced there will be periods again where our strategy significantly outperforms the market, just as it has done several times in the past. Until then, we remain disciplined, patient and focused on fundamentals rather than short-term market noise. 📈 𝗠𝗮𝗿𝗸𝗲𝘁 𝗢𝘂𝘁𝗹𝗼𝗼𝗸 Markets remain heavily focused on earnings. So far, many companies have delivered solid results, but expectations have become extremely high. We've already seen that even good earnings are no longer enough if guidance or future investment plans disappoint investors. At the same time, higher oil prices and geopolitical tensions have pushed bond yields higher. Interestingly, equities have largely ignored this so far, with investors paying much more attention to corporate earnings than interest rate movements. One of the biggest questions going forward remains the sustainability of the current AI investment cycle. Personally, I continue to believe we're still in the early stages rather than approaching the end. The upcoming earnings reports should provide valuable insight into whether that view remains justified. 📅 𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸 The main macro event will be the 𝗙𝗲𝗱𝗲𝗿𝗮𝗹 𝗥𝗲𝘀𝗲𝗿𝘃𝗲 𝗺𝗲𝗲𝘁𝗶𝗻𝗴 𝗼𝗻 𝗪𝗲𝗱𝗻𝗲𝘀𝗱𝗮𝘆 While no rate hike is expected, investors will closely analyse every word regarding future monetary policy. On the corporate side, this is one of the busiest weeks of earnings season. I'm particularly looking forward to results from $MSFT (Microsoft) and $META (Meta Platforms Inc) on Wednesday, followed by $AMZN (Amazon.com Inc) on Thursday. As some of the world's largest AI investors, their outlooks should provide valuable insight into the next stage of AI infrastructure spending and future earnings growth. 🚀 𝗙𝗶𝗻𝗮𝗹 𝗧𝗵𝗼𝘂𝗴𝗵𝘁𝘀 Short-term uncertainty remains elevated, but these are often the periods where the best long-term opportunities are created. Our strategy remains unchanged: stay disciplined, focus on fundamentals, manage risk carefully and avoid emotional decisions. I wish everyone a successful trading week and, as always, good luck in the markets! 📈🚀 all the best JvA 🙌 $NSDQ100 $SPX500 $BTC $ETH

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