Nicolas Oddo @Cheetah26: "💡 𝗤𝘂𝗶𝗰𝗸 𝗺𝗮𝗿𝗸𝗲𝘁 𝘂𝗽𝗱𝗮𝘁𝗲 💡 Dear..."

United Kingdom

💡 𝗤𝘂𝗶𝗰𝗸 𝗺𝗮𝗿𝗸𝗲𝘁 𝘂𝗽𝗱𝗮𝘁𝗲 💡 Dear copiers and followers, I'm on a 2-week holiday so I won't be writing much until I'm back in London on August 10. I'm still following what happens on the markets though, so here is a quick update on what I'm looking at: 📌 𝗤𝟮 𝗲𝗮𝗿𝗻𝗶𝗻𝗴𝘀: The Q2 earnings season is shaping the markets, so that's definitely the most interesting bit to follow at the moment. Key points: 📌 𝗚𝗼𝗼𝗴𝗹𝗲 𝗲𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸 𝘀𝗽𝗼𝗼𝗸𝗲𝗱 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁𝘀, 𝗺𝗮𝗶𝗻𝗹𝘆 𝗯𝗲𝗰𝗮𝘂𝘀𝗲 𝗼𝗻𝗰𝗲 𝗮𝗴𝗮𝗶𝗻, 𝗖𝗮𝗽𝗲𝘅 𝗳𝗼𝗿𝗲𝗰𝗮𝘀𝘁𝘀 𝘄𝗲𝗿𝗲 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱. Since then, the $NSDQ100 has been dipping. I personally think this is a good news for the portfolio, since it owns a lot of companies (Hexatronic, Micon, Samsung etc) that will 𝗯𝗲𝗻𝗲𝗳𝗶𝘁 𝗳𝗿𝗼𝗺 𝗮𝗱𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝘀𝗽𝗲𝗻𝗱𝗶𝗻𝗴 𝗼𝗻 𝘁𝗵𝗲 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲. 📌 𝗠𝗲𝘁𝗮 𝗮𝗻𝗱 𝗠𝗶𝗰𝗿𝗼𝘀𝗼𝗳𝘁 𝗲𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝘁𝗼𝗻𝗶𝗴𝗵𝘁 will give a better idea of where the overall market is going. I'll be interested to see whether they stick to their capex plans, or forecast to spend more or less. 📌 𝗦𝘁𝗿𝗼𝗻𝗴 𝗲𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗳𝗿𝗼𝗺 𝗜𝗠𝗖𝗗 𝘁𝗵𝗶𝘀 𝗺𝗼𝗿𝗻𝗶𝗻𝗴, which along with Azelis represent about 4% of the portfolio. This is a great sign that the specialty chemicals market is finally recovering after years of slump, and I'm glad I got into these stocks when they were really cheap! 📌 𝗧𝗵𝗲 𝗜𝗿𝗮𝗻 𝗰𝗼𝗻𝗳𝗹𝗶𝗰𝘁: I'm following this but not keen to trade any news, as the situation keeps evolving very fast and someone with a Truth social account keeps trying to influence the markets with his posts. 𝗧𝗵𝗲 𝗰𝗲𝗮𝘀𝗲𝗳𝗶𝗿𝗲 𝗮𝗻𝗱 𝘄𝗼𝗻𝗱𝗲𝗿𝗳𝘂𝗹 𝗽𝗲𝗮𝗰𝗲 𝗮𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁 𝘀𝗶𝗴𝗻𝗲𝗱 𝗮 𝗳𝗲𝘄 𝘄𝗲𝗲𝗸𝘀 𝗮𝗴𝗼 𝗮𝗿𝗲 𝗮𝗹𝗿𝗲𝗮𝗱𝘆 𝘄𝗲𝗹𝗹 𝗳𝗼𝗿𝗴𝗼𝘁𝘁𝗲𝗻; 𝗯𝘂𝘁 𝗜 𝘁𝗵𝗶𝗻𝗸 𝗯𝗼𝘁𝗵 𝗽𝗮𝗿𝘁𝗶𝗲𝘀 𝘀𝘁𝗶𝗹𝗹 𝗵𝗮𝘃𝗲 𝗮𝗻 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗶𝗻 𝗸𝗲𝗲𝗽𝗶𝗻𝗴 𝘁𝗵𝗲 𝗰𝗼𝗻𝗳𝗹𝗶𝗰𝘁 𝗮𝘁 𝗮 𝗹𝗼𝘄 𝗶𝗻𝘁𝗲𝗻𝘀𝗶𝘁𝘆, and $OIL dropped 10% over the weekend, which is always good from an inflation point of view. 📌 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗙𝗲𝗱: 𝗧𝗵𝗲 𝗙𝗲𝗱 𝗶𝘀 𝗴𝗶𝘃𝗶𝗻𝗴 𝗶𝘁𝘀 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗿𝗮𝘁𝗲 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻 𝘁𝗼𝗻𝗶𝗴𝗵𝘁, along with guidance for the rest of the year. Expectations are for the rates to remain unchanged, so the most interesting part will be the conference and tone (hawkish / dovish). 📌 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝘂𝗽𝗱𝗮𝘁𝗲: The portfolio's performance in July is poor, along with the markets. As always, patience is key, and 𝗜'𝘃𝗲 𝗯𝗲𝗲𝗻 𝗼𝗽𝗲𝗻𝗶𝗻𝗴 𝘀𝗼𝗺𝗲 𝗮𝗱𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝘀 𝗼𝗻 𝘀𝘁𝗼𝗰𝗸𝘀 𝘁𝗵𝗮𝘁 𝗮𝗿𝗲 𝗻𝗼𝘄 𝘁𝗿𝗮𝗱𝗶𝗻𝗴 𝗺𝘂𝗰𝗵 𝗹𝗼𝘄𝗲𝗿 𝘁𝗵𝗮𝗻 𝗮 𝗳𝗲𝘄 𝘄𝗲𝗲𝗸𝘀 𝗮𝗴𝗼. I'm also still holding close to 15% of the portfolio in bonds, so 𝗶𝗳 𝘁𝗵𝗲 𝗱𝗶𝗽 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝘀, 𝗜'𝗹𝗹 𝗵𝗮𝗽𝗽𝗶𝗹𝘆 𝗿𝗼𝘁𝗮𝘁𝗲 𝘀𝗼𝗺𝗲 𝗼𝗳 𝘁𝗵𝗲𝘀𝗲 𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝘀 𝗶𝗻𝘁𝗼 𝗱𝗶𝘀𝗰𝗼𝘂𝗻𝘁𝗲𝗱 𝗲𝗾𝘂𝗶𝘁𝗶𝗲𝘀. Please let me know if you have any questions in the comments. Thank you, trade safe and take care, Nico $SPX500

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

3 Mentioned

NSDQ100

NASDAQ100 Index (Non Expiry)

OIL

Oil (Non Expiry)

SPX500

SPX500 Index (Non Expiry)

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