Harpinder Kang @HarpinderKang: "𝙀𝙣𝙙 𝙤𝙛 𝙈𝙤𝙣𝙩𝙝 𝙖𝙣𝙙 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤..."

United Kingdom

𝙀𝙣𝙙 𝙤𝙛 𝙈𝙤𝙣𝙩𝙝 𝙖𝙣𝙙 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙐𝙥𝙙𝙖𝙩𝙚: 𝘿𝙚𝙘𝙚𝙢𝙗𝙚𝙧 Portfolio Performance: Up 1.19% for the month, outperforming the $NSDQ100, which was up 0.11%, and the $SPX500, which rose 0.69%. 𝙈𝙖𝙧𝙠𝙚𝙩 𝙊𝙫𝙚𝙧𝙫𝙞𝙚𝙬 This was a whippy month for the markets. We started the month with concerns about the AI bubble bursting, which led to a sharp pullback. I bought into several positions during the sell-off, as I felt the overall sentiment regarding the AI trade was overly bearish. As mentioned in my last post, the earnings posted by most big tech companies weren't actually bad; if anything, recent results from Micron suggest that the AI semiconductor trade is still going strong. However, I must note that we might see some slowdown in the upcoming quarters, which could potentially derail the bull market again. For now, I still expect the market to continue grinding higher leading up to the next earnings season. 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙈𝙤𝙫𝙚𝙨 This month, I added to a few existing positions and took profits on portions of my ASML and Samsung holdings, both of which performed very well. I am still primarily adding to $ASML (ASML Holding NV) small-cap names, as they have sold off quite a bit and offer a good opportunity for 1x-2x returns with relatively low risk. I am also slowly building up my $AMD (Advanced Micro Devices Inc) position and starting a short position in certain semiconductor names as a hedge against the AI trade. I believe we might see another all-time high in January before the earnings season begins. 𝙁𝙞𝙣𝙖𝙡 𝙏𝙝𝙤𝙪𝙜𝙝𝙩𝙨 After a shaky start to the month, the market managed to close almost exactly where it opened. Economic data is coming in surprisingly better than expected, and I think as long as the Fed remains in a dovish mode, the market will continue to trend higher for the next 1-2 quarters. Technically, I still believe the SPX500 is heading towards the 7200-7400 range, so my portfolio remains bullish until then. Thanks for reading! Happy to answer any questions below.

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