Luca Meier @LucaMeier: "📊 Daily Portfolio Update Wednesday, May..."

Switzerland

📊 Daily Portfolio Update Wednesday, May 20, 2026 🌎 MACRO Trump publicly declared that US-Iran negotiations are in their "final stages" and that the war will end "very quickly" — sending Brent crude down nearly 5% to around $105.61 a barrel, its biggest single-day drop in two weeks. Three supertankers crossed the Strait of Hormuz for the first time in months, carrying around 6 million barrels of crude toward Asian markets. Analysts remain cautious: even if a deal is struck, supply won't return to pre-war levels overnight, and Wood Mackenzie has warned that Brent could approach $200 if the strait stays largely shut through year-end. [1] On the equity side, Wall Street opened higher as chip stocks rebounded sharply ahead of $NVDA (NVIDIA Corporation) Q1 earnings report — one of the most anticipated results of the year. The $SPX500 edged toward a fresh record high and the $NSDQ100 gained, with markets viewing Nvidia as a barometer for the entire AI investment cycle. Results are due after the bell tonight. [2] In Europe, the mood was broadly positive: lower oil prices ease inflationary pressure and give central banks more room to manoeuvre. Energy names, however, sold off hard as the peace-deal trade unwound the war premium. 📈 PORTFOLIO Gold miners surged today — a reversal from yesterday's selloff. JNUG gained 5.4%, NUGT 5.4%, Eldorado Gold 6.2%, Kinross 4.3%, and AngloGold Ashanti 3.9%. The move is counterintuitive given the Iran de-escalation narrative, but it reflects gold's recovery from Tuesday's 2026 low: with Treasury yields easing and the dollar softening on peace-deal optimism, gold reclaimed lost ground and dragged the miners with it. Gold was quoted at $4,497 per ounce today, up 0.2% on the day but still down nearly 5% over the past month. [1] $EQNR (Equinor ASA-ADR) fell 4.3% as the largest direct loser in the portfolio from falling oil prices. The peace-talk rally in crude that had supported energy names reversed sharply, and Equinor — as a pure-play oil major — bore the brunt. The position remains well in profit from our entry level. $CRWD (Crowdstrike Holdings) continued attracting attention with Stifel raising its price target to $660 and Cantor Fitzgerald lifting theirs to $700, both citing strong channel partner momentum and expectations of an earnings beat when the company reports on June 3. The stock is trading near all-time highs ahead of those results. [3] 📋 TRADES The CrowdStrike short opened yesterday at $632 was closed today at $640.97 — a small loss. The stock continued to push higher on the back of fresh analyst upgrades from Stifel and Cantor, confirming that the bull thesis has too much institutional backing to fade ahead of earnings on June 3. The position was closed (Stop Loss) to limit downside risk rather than fight a crowded trade. [3] SOURCES: [1] www.cnbc.com/2026/05/20/oil-falls-after-trump-says-us-will-end-iran-war-very-quickly.html [2] www.reuters.com/business/us-stock-futures-climb-chip-stocks-rebound-ahead-nvidia-results-2026-05-20/ [3] seekingalpha.com/news/4595296-crowdstrike-in-focus-as-stifel-cantor-ups-price-targets-ahead-of-earnings

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