Marco Piccini @EraserRain: "Dear copytraders, February 2026 delivered..."

Italy

Dear copytraders, February 2026 delivered a textbook sector rotation month! After the long tech-led bull run of 2025, capital rotated strongly into value stocks, financials, high-dividend names, utilities, and defensive sectors. The S&P 500 ($SPY) traded choppy and closed modestly higher (~+1.5%), supported by resilient US macro data despite tariff tensions and geopolitical headlines. Europe stole the show: STOXX 600 and FTSE MIB pushed close to all-time highs, fueled by robust banking earnings and attractive valuations. Silver corrected sharply after January’s rally, but the structural bull case remains intact. Here’s how the assets in focus performed this month: • $SLV (iShares Silver Trust) and $PAAS (Pan American Silver Corp) pulled back 15-22% but continue to offer excellent protection against uncertainty and inflation, backed by the sixth straight year of supply deficits and rising solar/EV demand. • $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) was a standout star, trading near all-time highs around $ 388 after record results and +38% Q1 revenue guidance driven by explosive AI demand. • $ENEL.MI (Enel Power Company) rallied hard above €10 on its new 2026-28 strategic plan, €1 billion buyback, and renewable focus. $VZ (Verizon) surged over +26% after beating earnings and hiking its dividend – one of the month’s biggest winners. • European Banks sector shone brightly. $SAN.MC (Banco Santander SA), $ISP.MI (Intesa Sanpaolo Group), $BAMI.MI (Banco Bpm) , $INGA.NV (ING Groep NV) , and $NDA_SE.ST all posted strong profits, high margins, and positive capital-return stories. • Other holdings: $UPS (United Parcel Service Inc) remained stable amid logistics normalization. $PSG.MC (Prosegur Compania de Seguridad SA) added defensive exposure in security services. The high-dividend ETF $VGWD.DE (Vanguard FTSE All World High Dividend Yield UCITS ETF) performed perfectly during this value rotation. This well-balanced mix of growth tech, European value/banks, commodities, and dividends navigated February beautifully — once again proving why diversification wins in rotation phases. March outlook: cautiously optimistic. Key catalysts ahead include final Q4 earnings, Fed signals, and trade-policy updates. The global economy is holding up well and opportunities remain plentiful. Stay strong, stay profitable! #LongTermIsTheKey

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