Disruptive Stocks Strategy @II-Disruptive: "Market snapshot and Portfolio review -..."

Smart Portfolio

Market snapshot and Portfolio review - Short-term market sentiment remains resilient, despite shifting macroeconomic themes. - Investor confidence has improved, as fears around trade wars have eased and optimism has grown, particularly in the technology sector. - A "buy the dip" mentality is evident, with many investors expecting continued strength in growth-oriented sectors. - However, uncertainty still lingers, and although volatility is trending lower, it remains above average — reflecting caution in the markets. - Moody’s downgraded the U.S. credit rating over the weekend, which is expected to lead to a lower open in U.S. equity markets and has raised concerns about long-term credit stability. - This week the U.S. Durable Goods Orders report will provide early indications of how tariffs have impacted corporate investment decisions in April. The portfolio return The @II-Disruptive portfolio has returned 6.4% year-to-date, outperforming the Nasdaq 100, which is up 2.2%. This strong performance reflects the successful execution of our portfolio management strategy and asset allocation decisions. We remain cautious in our outlook and focused on prudent risk management to ensure the portfolio remains positioned to generate returns through the remainder of 2025. We are maintaining a small cash position, which allows us to capitalize on opportunities should the market face short-term pullbacks. Currently, markets are buoyed by optimism, replacing earlier fears of a trade war. Over the past month, technology and other cyclical sectors have led the market rebound. Despite a decline in volatility, its elevated level suggests that investors are still hedging against potential trade-related setbacks. Our largest current holdings include $MSFT (Microsoft) $MELI (MercadoLibre) $NVDA (NVIDIA Corporation) $AVGO (Broadcom Inc) $META (Meta Platforms Inc)