Gaetano Bonfiglio @GaetanoBonfiglio: "𝐖𝐄𝐄𝐊𝐋𝐘 𝐎𝐔𝐓𝐋𝐎𝐎𝐊 Hello fellow investors 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐭𝐞𝐱𝐭 We..."

Italy

𝐖𝐄𝐄𝐊𝐋𝐘 𝐎𝐔𝐓𝐋𝐎𝐎𝐊 Hello fellow investors 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐭𝐞𝐱𝐭 We enter this new week, from August 3 to August 9, 2026, navigating a U.S. macroeconomic regime dominated by stagflation, while quantitative sentiment remains cautious and the Risk On / Risk Off indicator stands neutral. In a complex scenario where economic growth slows while price pressures persist, operational discipline and active rotational portfolio management represent the only effective tools to protect capital and capture optimal medium-to-long-term returns. Our balanced multi-asset allocation—integrating physical gold, defensive assets, and rigorously selected technology equities—allows us to navigate this transitional phase with maximum stability and resilience. 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐂𝐚𝐥𝐞𝐧𝐝𝐚𝐫 Here are the 5 key events of the week that we will closely monitor to manage market volatility: - Monday, August 3, 16:00 (USD) – ISM Manufacturing Purchasing Managers' Index (Jul): Measures the health of the US industrial sector; a lower-than-expected reading heightens stagflation fears and economic slowdown concerns. - Tuesday, August 4, 16:00 (USD) – JOLTS Job Openings (Jun): Tracks vacant jobs; a drop signals a cooling labor market, influencing the Federal Reserve’s upcoming policy decisions. - Wednesday, August 5, 14:15 (USD) – ADP Non-Farm Employment Change (Jul): Previews official private employment data; weak estimates ease rate pressures but elevate broader recession risks. Thursday, August 6, 14:30 (USD) – Initial Jobless Claims: Timely weekly indicator of employment stability; an unexpected increase generates immediate volatility across equity and bond markets. Friday, August 7, 14:30 (USD) – Unemployment Rate (Jul): The cornerstone macroeconomic data point for assessing US labor resilience, capable of driving sharp trading in the dollar, gold, and Treasuries. 𝐏𝐎𝐑𝐓𝐅𝐎𝐋𝐈𝐎 𝐈𝐌𝐏𝐀𝐂𝐓 This week's macro releases on labor and manufacturing inflation will directly influence our core asset holdings. The persistence of a stagflationary environment justifies our robust defensive positioning and strategic allocation in physical $GOLD (8PSG) and $TIP (iShares TIPS Bond ETF) , which are vital for preserving purchasing power. Meanwhile, our active rotation strategy allows us to maintain focused positions in high-quality equities such as $CRWD (Crowdstrike Holdings) , $AMD (Advanced Micro Devices Inc) , and select tech and financial holdings, carefully calibrating risk with a disciplined approach and zero short-term speculation. Best, Gae (@GaetanoBonfiglio) $SPX500 $NSDQ100

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