Maurizio Priamo @Maurizio_P: "📊 Weekly Performance Update ..."

Italy

📊 Weekly Performance Update (June 1-7) This is one of those weeks that really separates traders from investors. Week 📉 Portfolio: −5.66% 📉 S&P 500: −2.90% ⭐ Alpha: −2.76% The market pulled back this week, but more importantly, the move was highly selective. The pressure was concentrated on higher-growth names—exactly where the portfolio is more exposed. Tech and semiconductors reacted more strongly to the current macro environment, which explains the relative underperformance. This is not unexpected. It’s the nature of the strategy. What really matters, however, is not the short-term movement. It’s understanding what is driving it. Right now, the market is not dominated by a single factor, but by a delicate balance between: - interest rate expectations - inflation trends - economic resilience The economy is not weak enough to justify aggressive rate cuts, but not strong enough to provide full visibility. And this creates a very clear environment: - higher volatility - continuous sector rotations - selective pressure on growth The structure of the portfolio has not changed. It remains intentionally geared toward high-growth companies, with strong exposure to technology and semiconductors and a limited defensive component. This is not a construction mistake. It’s a choice. I’m not trying to avoid every weekly drawdown, but to build a portfolio capable of delivering superior performance over the long term, accepting short-term volatility as part of the process. 🌍 Macro & Geopolitics Geopolitical risks remain something to monitor, but they are not the primary driver at this stage. Tensions related to energy, supply chains, and global economic relationships continue to create a level of uncertainty, but the real focus remains on monetary policy. At the moment, geopolitics acts more as an amplifier than a driver: - it can support higher energy prices - it can keep inflation more persistent - it can delay a shift toward more accommodative policy This contributes to a market that remains in transition, without a clear short-term direction. At the same time, I continue to focus on long-term positioning. I’m closely monitoring the potential IPO of SpaceX, which could be one of the most interesting events in the coming months. In the meantime, I’ve started building a small exposure to the space theme through a thematic ETF $NASA (Tema Space Innovators ETF) already included in the portfolio. The goal is not to chase short-term moves, but to position early in structural trends before they become fully mainstream. The environment is not easy. But this is exactly where real performance is built. I don’t chase the market when it goes up, and I don’t change strategy when it goes down. I stay focused on the process. Because over time, that’s what makes the difference. If you are copying the portfolio, this is a normal phase within a growth strategy. If you are observing from the outside, this is exactly the kind of phase that allows you to properly evaluate an investor. I remain constructive, disciplined, and focused on the long term. Copy if you’re looking for an approach that is: ✔️ high-conviction ✔️ transparent ✔️ built for long-term growth Have a nice week Maurizio ________________ Disclaimer: This content is for informational purposes only and does not constitute financial advice. Investing involves risk, including the potential loss of capital. _______________ $SPX500 $NSDQ100 $GER40 $EURUSD $NVDA (NVIDIA Corporation) $MSFT (Microsoft) $EURUSD $USDCHF $BTC

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