Harpinder Kang @HarpinderKang: "𝙀𝙣𝙙 𝙤𝙛 𝙈𝙤𝙣𝙩𝙝 𝙖𝙣𝙙 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤..."

United Kingdom

𝙀𝙣𝙙 𝙤𝙛 𝙈𝙤𝙣𝙩𝙝 𝙖𝙣𝙙 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙐𝙥𝙙𝙖𝙩𝙚 Portfolio performance: Down -0.4% for the month, compared to the Nasdaq down -1.6% ($NSDQ100) and -0.13% for the $SPX500. 𝙈𝙖𝙧𝙠𝙚𝙩 𝙊𝙫𝙚𝙧𝙫𝙞𝙚𝙬 We are mostly finished with earnings season, and aside from Google, most of the big tech stocks reacted fairly neutrally, if not negatively. As expected, very high expectations were already priced in, so this month may simply be a digestion phase for the market. There has been a lot of doom and gloom sentiment lately, and although this may eventually show up in future quarters, the earnings posted by most big tech companies were not bad at all. Because of that, I believe we could see another leg up towards the end of the year after a shaky first week or so. 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙈𝙤𝙫𝙚𝙨 This month, I took some profit from my $GOOGL (Alphabet Inc Class A) position and rotated that into Meta, Amazon, and Microsoft. I think all three of these stocks are in a digestion phase before resuming their upward trend. I also started a position in $BMBL (Bumble Inc.), as the recent pullback provides a good opportunity in that stock. After taking all profits from $AMD (Advanced Micro Devices Inc) last month, I opened another position because I believe this pullback gives us another solid entry. I think AMD will eventually move toward its all-time high in the coming months. 𝙁𝙞𝙣𝙖𝙡 𝙏𝙝𝙤𝙪𝙜𝙝𝙩𝙨 After a shaky month overall, the market still managed to close roughly where it opened. The economic picture isn’t looking great, but as long as the Fed remains in a dovish stance, I think the market will continue trending higher over the next 1–2 quarters. Technically, I still believe the SPX500 is heading toward the 7200–7400 range, so overall my portfolio remains bullish in the short term. Thanks for reading—happy to answer any questions below.

3 Mentioned

GOOGL

Alphabet Inc Class A

BMBL

Bumble Inc.

AMD

Advanced Micro Devices Inc

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