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

United Kingdom

𝙀𝙣𝙙 𝙤𝙛 𝙈𝙤𝙣𝙩𝙝 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙐𝙥𝙙𝙖𝙩𝙚: 𝘼𝙥𝙧𝙞𝙡 Portfolio Performance: +5% (current) for the month as the market finds its footing. 𝙈𝙖𝙧𝙠𝙚𝙩 𝙊𝙫𝙚𝙧𝙫𝙞𝙚𝙬 April brought a much-needed reprieve from the chaos of March. While the geopolitical situation remains tense, the market has begun to digest the "new normal" of the conflict. The narrative has shifted from pure panic to now focused on earnings season. We saw a massive bifurcation this month: semiconductor companies building on AI promise surged, while the majority of remaining companies utilizing the AI are still trying to find a bottom. The S&P 500 showed incredible resilience, clawing its way back as cooling inflation data fueled hopes that the Fed might finally take its foot off the brake later this year. 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙈𝙤𝙫𝙚𝙨 My decision to treat the March SaaS bloodbath as a buying opportunity has started to pay off. My core holdings in $AMZN (Amazon.com Inc) was standout performer following its stellar earnings reports. Microsoft also reported pretty good earnings report but its still trying to find a bottom. I will build a larger position once it gets to my buy target. I’ve continued to build my position in $CIBR (First Trust NASDAQ Cybersecurity ETF) (Cybersecurity ETF), as the ongoing global tensions have made digital infrastructure defense a non-negotiable priority for every major corporation. 𝙁𝙞𝙣𝙖𝙡 𝙏𝙝𝙤𝙪𝙜𝙝𝙩𝙨 This month was a reminder of why conviction is your greatest asset in a volatile market. My technical outlook remains bullish. With the $SPX500 recently crossing the 7,100 mark, my target of 7,200–7,400 is now well within sight. We aren't out of the woods yet though, oil prices and shipping disruptions from the Strait of Hormuz are still simmering. However, the earnings quality from the mega caps provides a solid floor for now. I’m still holding a bit of cash for any "headline shocks". Starting next week we're gonna see some major earnings from semiconductor companies which should put some more light on which way AI trade goes for next 3 months. Thanks for reading! Happy to answer any questions below.

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

3 Mentioned

AMZN

Amazon.com Inc

CIBR

First Trust NASDAQ Cybersecurity ETF

SPX500

SPX500 Index (Non Expiry)

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