Andrea Marcon @AndreaMarcon16: "📊 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝗥𝗲𝘃𝗶𝗲𝘄 / 𝗠𝗼𝗻𝘁𝗵𝗹𝘆..."

Switzerland

📊 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝗥𝗲𝘃𝗶𝗲𝘄 / 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲 Dear Copiers & Followers, 📈 2024 started off on the right foot, with the portfolio closing the month of January at a solid +𝟭.𝟵𝟲% 𝗴𝗮𝗶𝗻. 𝗠𝗮𝗷𝗼𝗿 𝗺𝗮𝗿𝗸𝗲𝘁 𝗺𝗼𝘃𝗲𝗿𝘀 for us in January included: ◾ $CPRI (Capri Holdings Ltd) with a +𝟭𝟳.𝟲𝟲% 𝗴𝗮𝗶𝗻 ◾ $BTU (Peabody Energy Corporation ) with a -𝟭𝟯.𝟯𝟮% 𝗱𝗿𝗼𝗽 As regards specific 𝙘𝙝𝙖𝙣𝙜𝙚𝙨 𝙞𝙣 𝙩𝙝𝙚 𝙥𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤, we: ◾ Took 𝗽𝗿𝗼𝗳𝗶𝘁 on our investment in $OC (Owens Corning Inc) (+𝟭𝟭.𝟴𝟯% 𝗽𝗿𝗼𝗳𝗶𝘁) ◾ Took 𝗽𝗿𝗼𝗳𝗶𝘁 on 𝟭/𝟱 of our investment in $CTRA (+𝟵.𝟵𝟭% 𝗽𝗿𝗼𝗳𝗶𝘁) ◾ Took 𝗽𝗿𝗼𝗳𝗶𝘁 on 𝟭/𝟮 of our investment in $EQNR (Equinor ASA-ADR) (+𝟴.𝟴𝟰% 𝗽𝗿𝗼𝗳𝗶𝘁) ◾ Took 𝗽𝗿𝗼𝗳𝗶𝘁 on $IPN.PA (Ipsen SA) (+𝟳.𝟳𝟵% 𝗽𝗿𝗼𝗳𝗶𝘁) ◾ 𝗢𝗽𝗲𝗻𝗲𝗱 a 𝗻𝗲𝘄 𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻 in $BCC (Boise Cascade Company) (currently +7.26%) ◾ 𝗢𝗽𝗲𝗻𝗲𝗱 a 𝗻𝗲𝘄 𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻 in $TOL (Toll Brothers Inc) (currently +6.29%) ◾ 𝗢𝗽𝗲𝗻𝗲𝗱 a 𝗻𝗲𝘄 𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻 in $FHI (Federated Hermes Inc) (currently +3.68%) ◾ 𝗢𝗽𝗲𝗻𝗲𝗱 a 𝗻𝗲𝘄 𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻 in $COP (ConocoPhillips Co) (currently -0.20%) ◾ 𝗢𝗽𝗲𝗻𝗲𝗱 a 𝗻𝗲𝘄 𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻 in $STNG (Scorpio Tankers Inc) (currently -3.45%) 🔍 𝗪𝗵𝗮𝘁 𝘁𝗼 𝗲𝘅𝗽𝗲𝗰𝘁 𝗶𝗻 February... ◾ 𝗖𝗼𝗻𝗰𝗲𝗿𝗻𝘀 𝗼𝘃𝗲𝗿 𝗨𝗦 𝘁𝗮𝗿𝗶𝗳𝗳𝘀, 𝗮𝗻𝗱 𝗮 𝗹𝗼𝗼𝗺𝗶𝗻𝗴 𝘁𝗿𝗮𝗱𝗲 𝘄𝗮𝗿, have seen the markets go 𝗿𝗲𝗱 as February kicks off. Whether the negative market sentiment persists long-term will largely depend on investor sentiment on the resilience of the US economy, as well as the prospects for a more-amicable resolution. For the time being, 𝗵𝗼𝗽𝗲 𝗳𝗼𝗿 𝘁𝗮𝗿𝗶𝗳𝗳 𝗮𝘃𝗼𝗶𝗱𝗮𝗻𝗰𝗲 𝗿𝗲𝗺𝗮𝗶𝗻𝘀 𝗮𝘀 𝘁𝗵𝗲 𝗶𝗻𝘃𝗼𝗹𝘃𝗲𝗱-𝗽𝗮𝗿𝘁𝗶𝗲𝘀 𝗮𝗽𝗽𝗲𝗮𝗿 𝘁𝗼 𝗯𝗲 𝗵𝗲𝗮𝗱𝗶𝗻𝗴 𝗶𝗻𝘁𝗼 𝘁𝗮𝗹𝗸𝘀. 𝗡𝗼𝗻𝗲𝘁𝗵𝗲𝗹𝗲𝘀𝘀, 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 𝘀𝗵𝗼𝘂𝗹𝗱 𝗯𝗲 𝗲𝘅𝗽𝗲𝗰𝘁𝗲𝗱 as the situation plays out. ◾ 𝗖𝗣𝗜 𝗻𝗲𝘄𝘀 will undoubtedly continue to influence the market. Tariff's in particular could lead to new inflationary pressures, hampering hopes for further rate cuts. ◾ 𝗗𝗶𝘃𝗶𝗱𝗲𝗻𝗱𝘀 are expected from a number of our holdings, including: $LEN (Lennar Corp), $NUE (Nucor Corp), 𝗻𝗼𝘁𝗮𝗯𝗹𝘆 $PBR., among others. This is all for now, happy trading everyone, Andrea

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