Jordan Alvaredo @JordiAlvont: "📈𝐌𝐨𝐧𝐭𝐡𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞 -𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟔: 𝑨..."

Spain

📈𝐌𝐨𝐧𝐭𝐡𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞 -𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟔: 𝑨 𝑮𝒓𝒆𝒂𝒕 𝐅𝐢𝐫𝐬𝐭 𝐌𝐨𝐧𝐭𝐡📈 𝟲.𝟭𝟰%- 2026 YTD vs 𝟏.𝟒𝟓% S&P500🎯 𝟏𝟒𝟎.𝟎𝟔% since inception 📊 January 2026, the first month of the year, comes to an end and we achieve a remarkable 6.14% return against 1.45% by the SP500. This first month sets the rhythm of the year and it has been an ideal month for a portfolio with an average risk of 4/10. Initially there was strength in sectors like defense and gold. I believe the defense sector will still have a solid performance because of the increased spending in defense by the major economies as the tension rises all over the world. Gold and Silver, on the other hand, are very fragile right now because the market believes there is less risk with the FED nominee, so they close positions in safe-haven minerals and the dollar gains strength. I view this as especulation, so I will just rebalance some positions to reduce exposure to possible volatility as the situation stabilizes. We have seen that the FED has maintained the rates still, which is not bad news, but the market didn't take it that well and corrected a bit. I believe the GDP data is very strong and the US economy is going well in general, so I have an optimistic view. We already saw some cuts last year, so not every month we could expect more, as inflation is cooling slowly towards the ideal 2%. We have to remember we are in the middle of the earnings season. So far the results have been pretty good, with the highlight on TSMC and Meta, but the market expected more from Microsoft and that may have dragged down the software sector. 𝐌𝐞𝐬𝐬𝐚𝐠𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐜𝐨𝐩𝐢𝐞𝐫𝐬 𝐚𝐧𝐝 𝐟𝐨𝐥𝐥𝐨𝐰𝐞𝐫𝐬 Thank you to all the copiers that have joined lately and to those who are still copying after a lot of time. Your support is really valuable and I hope to keep rewarding your patience and trust with good results and along history of consistency. As you know each day I enter the market and make a big effort to achieve results, to know well the macroeconomic landscape and to get to know the latest news. I'm deeply thankful and eager to keep improving and working hard. In this period of earnings and rate policy decisions it's normal to see high volatility, so I would personally be patient and not panic if gains are not immediate or if there are some punished assets. In these months I prefer to wait and analyze things carefully. 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 As I said, we end a great month with 6.14% and my view of the year is optimistic. I believe the diversification I ampled has been really successful and I will continue with my exposition to European, US, Latin American and Asian markets, selecting the best assets in each sector and geographical location, mainly in terms of fundamentals and progress. Take care and good luck in 2026. $IDR.MC (Indra Sistemas SA) $GOOG (Alphabet) $STX.US (Seagate Technology PLC) $SILVER $ESP35 $MELI (MercadoLibre Inc)