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

Johann-Nepomuk Ernst Josef Hoffer von Ankershoffen

Germany

📊 𝗪𝗲𝗲𝗸𝗹𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗨𝗽𝗱𝗮𝘁𝗲 | 𝗪𝗲𝗲𝗸 29 | 𝗪𝗮𝗶𝘁𝗶𝗻𝗴 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗡𝗲𝘅𝘁 𝗖𝗮𝘁𝗮𝗹𝘆𝘀𝘁 🇩🇪 𝐓𝐨𝐩 5️⃣ 😎 1️⃣0️⃣4️⃣3️⃣𝗰𝗼𝗽𝗶𝗲𝗿𝘀 📊 𝟮𝟬𝟮𝟯: +54.77% 📊 𝟮𝟬𝟮𝟰: +79.49% 📊 𝟮𝟬𝟮𝟱: +15.93% 📊 𝟐𝟎𝟐𝟔: -09.12% Good morning everyone and welcome to the new trading week. The markets $SPX500 have now been stuck in a rather frustrating sideways phase for almost two months. It is slowly starting to feel like summer holidays: everyone is waiting for something to happen, but most of the time... absolutely nothing happens. 😄 That could change in the coming days, however. With inflation data, the start of earnings season, and several important company reports ahead, there are finally enough potential catalysts on the horizon. The key question remains: 𝗜𝗻 𝘄𝗵𝗶𝗰𝗵 𝗱𝗶𝗿𝗲𝗰𝘁𝗶𝗼𝗻 𝘄𝗶𝗹𝗹 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗯𝗿𝗲𝗮𝗸 𝗼𝘂𝘁? 💼 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗨𝗽𝗱𝗮𝘁𝗲 A quick look at our portfolio. Two weeks ago, we were able to outperform the broader market and recover a part of our recent underperformance. Last week, however, our portfolio moved more in line with the broader indices and remained largely in a sideways pattern. Nevertheless, the bigger picture remains unchanged. We have already recovered noticeably from the lows and continue to work our way back step by step. Within our satellite allocation, we remain heavily invested in the 𝗵𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲 𝗮𝗻𝗱 𝗺𝗲𝗱𝗶𝗰𝗮𝗹 𝘀𝗲𝗰𝘁𝗼𝗿 $BAYN.DE (Bayer AG) . We continue to see attractive opportunities here and are closely watching whether the ongoing sector rotation continues to gain momentum. Of course, these phases are simply part of investing. There will always be weeks and even months where certain sector bets do not work immediately. If that were not the case, we would all be superstar investors. 😊 Our long-term objective therefore remains unchanged: 𝗧𝗼 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗲 𝗮𝘁𝘁𝗿𝗮𝗰𝘁𝗶𝘃𝗲 𝗼𝘂𝘁𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝘃𝗲𝗿𝘀𝘂𝘀 𝘁𝗵𝗲 𝗯𝗿𝗼𝗮𝗱𝗲𝗿 𝗺𝗮𝗿𝗸𝗲𝘁 𝘄𝗵𝗶𝗹𝗲 𝗸𝗲𝗲𝗽𝗶𝗻𝗴 𝗿𝗶𝘀𝗸 𝗮𝗻𝗱 𝗺𝗮𝗷𝗼𝗿 𝗱𝗿𝗮𝘄𝗱𝗼𝘄𝗻𝘀 𝗮𝘀 𝗹𝗼𝘄 𝗮𝘀 𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝗲. Even though I keep saying this over and over again, and even though it's been taking a while lately, it's going to happen. 🤷‍♂️ 📈 𝗠𝗮𝗰𝗿𝗼 𝗙𝗼𝗰𝘂𝘀 – 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗗𝗮𝘁𝗮 The key macro event this week will undoubtedly be the US inflation report on Tuesday. Markets currently expect headline inflation to continue moderating, while core inflation is expected to remain relatively stable. A positive surprise could once again strengthen expectations for future rate cuts and provide additional support for equities. In addition, Kevin Warsh will testify before Congress. While I do not expect any concrete guidance regarding the future rate path, his comments will certainly be closely monitored by market participants. 🏦 𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗦𝗲𝗮𝘀𝗼𝗻 𝗕𝗲𝗴𝗶𝗻𝘀 Traditionally, the major banks will kick things off: Tuesday: JPMorgan, Goldman Sachs, Bank of America, Citigroup Wednesday: ASML, BlackRock and Morgan Stanley. Thursday: TSMC and Netflix. In particular, results from $ASML (ASML Holding NV) and $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) could provide important insights into the outlook for the semiconductor industry and future AI-related investment spending. 📊 𝗘𝘅𝗽𝗲𝗰𝘁𝗮𝘁𝗶𝗼𝗻𝘀 𝗥𝗲𝗺𝗮𝗶𝗻 𝗛𝗶𝗴𝗵 Market expectations for this earnings season remain ambitious, meaning that companies will need to deliver. What remains particularly noteworthy is that a substantial portion of the expected earnings growth continues to come from only a handful of large companies. This once again highlights how concentrated market performance currently remains. 🚀 𝗙𝗶𝗻𝗮𝗹 𝗧𝗵𝗼𝘂𝗴𝗵𝘁𝘀 After several relatively quiet weeks, the upcoming trading week could finally bring some renewed momentum to the markets. Whether this marks the beginning of the next leg higher or initially leads to increased volatility remains to be seen. However, the next few days should provide several important clues regarding the market's direction for the remainder of the year. Until then, we remain patient, disciplined and continue to monitor developments closely. I wish everyone a successful start to the new trading week and, as always, good luck in the markets! 📈🚀 all the best JvA 🙌 $BTC $ETH

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