Peter Ahl @Wealthbystrategy: "💲 𝙔𝙏𝘿 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚: 𝟭𝟮,𝟯% 📈 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚..."

Sweden

💲 𝙔𝙏𝘿 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚: 𝟭𝟮,𝟯% 📈 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚 𝟮𝟬𝟮𝟱: 𝟭𝟰,𝟱% 🚀 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚 𝟮𝟬𝟮𝟰: 𝟰𝟮,𝟭% Risk-score 4/10. ______________________________________________ 𝙒𝙚𝙚𝙠𝙡𝙮 𝙧𝙚𝙥𝙤𝙧𝙩 𝙅𝙪𝙣𝙚 𝟮𝟮-𝟮𝟲, 𝟮𝟬𝟮𝟲 👇 💹 𝙊𝙫𝙚𝙧𝙖𝙡𝙡 𝙈𝙖𝙧𝙠𝙚𝙩 𝙊𝙪𝙩𝙡𝙤𝙤𝙠 Last week was shortened by the Juneteenth market holiday, and investors had to balance a hawkish Federal Reserve, easing oil stress after progress in U.S.-Iran talks, and renewed strength in semiconductors. 𝙏𝙝𝙚 𝙢𝙖𝙞𝙣 𝙢𝙚𝙨𝙨𝙖𝙜𝙚 𝙞𝙨 𝙩𝙝𝙖𝙩 𝙩𝙝𝙚 𝙚𝙦𝙪𝙞𝙩𝙮 𝙢𝙖𝙧𝙠𝙚𝙩 𝙨𝙩𝙞𝙡𝙡 𝙬𝙖𝙣𝙩𝙨 𝙩𝙤 𝙢𝙤𝙫𝙚 𝙝𝙞𝙜𝙝𝙚𝙧, 𝙗𝙪𝙩 𝙡𝙚𝙖𝙙𝙚𝙧𝙨𝙝𝙞𝙥 𝙧𝙚𝙢𝙖𝙞𝙣𝙨 𝙘𝙤𝙣𝙘𝙚𝙣𝙩𝙧𝙖𝙩𝙚𝙙 𝙞𝙣 𝘼𝙄 𝙖𝙣𝙙 𝙤𝙩𝙝𝙚𝙧 𝙝𝙞𝙜𝙝-𝙦𝙪𝙖𝙡𝙞𝙩𝙮 𝙜𝙧𝙤𝙬𝙩𝙝 𝙖𝙧𝙚𝙖𝙨. The Fed kept rates unchanged at 3.50% to 3.75%, but the market reaction showed that investors are not yet comfortable with the inflation path. At the same time, lower oil prices helped reduce one of the biggest short-term risks for inflation and margins. 📊 𝙋𝙖𝙨𝙩 𝙒𝙚𝙚𝙠'𝙨 𝙈𝙖𝙧𝙠𝙚𝙩 𝘼𝙘𝙩𝙞𝙫𝙞𝙩𝙮 The week was volatile. On Wednesday, stocks fell after the Fed decision and projections pointed to possible rate hikes later this year. On Thursday, sentiment improved sharply as semiconductor stocks rallied and optimism around U.S.-Iran progress pushed oil lower. The S&P 500 and the Nasdaq finished the shortened week higher. $SPCX (Space Exploration Technologies Corp) also remained a major market story after its record $75 billion IPO. The first trading days created huge interest, but the shares became more volatile late in the week as the post-IPO surge started to cool. That is a useful reminder that even great stories can become risky when expectations run too far ahead of fundamentals. So far today, U.S. markets have been muted while oil has fallen as investors follow the next round of U.S.-Iran talks. Memory-chip stocks have been firm ahead of Micron’s earnings, which adds to the focus on AI infrastructure. 💼 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝘼𝙘𝙩𝙞𝙫𝙞𝙩𝙮 From a portfolio perspective, the most important event this week will be $MU (Micron Technology, Inc.) earnings report. Micron reports on Wednesday, and expectations are already high. The company previously guided for very strong fiscal third-quarter revenue, gross margin and earnings, supported by AI demand, tight memory supply and better pricing in DRAM, NAND and high-bandwidth memory. For the market, the key questions will probably be whether Micron can beat already high expectations, whether guidance confirms continued strength into the next quarters, and whether management still sees supply staying tight. 𝙏𝙝𝙞𝙨 𝙧𝙚𝙥𝙤𝙧𝙩 𝙢𝙖𝙮 𝙖𝙡𝙨𝙤 𝙖𝙛𝙛𝙚𝙘𝙩 𝙩𝙝𝙚 𝙨𝙝𝙤𝙧𝙩-𝙩𝙚𝙧𝙢 𝙢𝙤𝙤𝙙 𝙛𝙤𝙧 𝘼𝙄-𝙧𝙚𝙡𝙖𝙩𝙚𝙙 𝙨𝙩𝙤𝙘𝙠𝙨 𝙢𝙤𝙧𝙚 𝙗𝙧𝙤𝙖𝙙𝙡𝙮, 𝙗𝙚𝙘𝙖𝙪𝙨𝙚 𝙢𝙚𝙢𝙤𝙧𝙮 𝙞𝙨 𝙣𝙤𝙬 𝙤𝙣𝙚 𝙤𝙛 𝙩𝙝𝙚 𝙘𝙡𝙚𝙖𝙧𝙚𝙨𝙩 𝙗𝙤𝙩𝙩𝙡𝙚𝙣𝙚𝙘𝙠𝙨 𝙞𝙣 𝙩𝙝𝙚 𝘼𝙄 𝙞𝙣𝙛𝙧𝙖𝙨𝙩𝙧𝙪𝙘𝙩𝙪𝙧𝙚 𝙗𝙪𝙞𝙡𝙙𝙤𝙪𝙩. 𝙄 𝙖𝙡𝙨𝙤 𝙨𝙤𝙡𝙙 𝙤𝙪𝙧 𝙥𝙤𝙨𝙞𝙩𝙞𝙤𝙣 𝙞𝙣 𝙈𝘾𝙃𝙄 𝙡𝙖𝙨𝙩 𝙬𝙚𝙚𝙠. $MCHI (iShares MSCI China ETF) is an ETF that gives targeted exposure to the Chinese equity market. The sale was mainly due to weak technical development. This reduces China-specific exposure and keeps the portfolio aligned with our process: when momentum weakens and the technical picture deteriorates, I prefer to protect capital and redeploy only when the risk-reward setup improves. 🔭 𝙏𝙝𝙚 𝙒𝙚𝙚𝙠 𝘼𝙝𝙚𝙖𝙙 This week will be driven by inflation data, Fed communication and earnings. The May PCE inflation report is due on Thursday and will be closely watched because it is the Fed’s preferred inflation measure. Durable goods orders, new-home sales, PMIs and consumer sentiment will also help investors judge whether growth is holding up while inflation remains sticky. 𝙊𝙣 𝙩𝙝𝙚 𝙚𝙖𝙧𝙣𝙞𝙣𝙜𝙨 𝙨𝙞𝙙𝙚, 𝙈𝙞𝙘𝙧𝙤𝙣 𝙞𝙨 𝙩𝙝𝙚 𝙢𝙖𝙞𝙣 𝙚𝙫𝙚𝙣𝙩 𝙛𝙤𝙧 𝙪𝙨, while FedEx, Carnival, Paychex, Trip.com, Darden and McCormick will add useful signals on transport, travel, consumer demand and corporate spending. 𝙈𝙮 𝙛𝙤𝙘𝙪𝙨 𝙧𝙚𝙢𝙖𝙞𝙣𝙨 𝙩𝙝𝙚 𝙨𝙖𝙢𝙚: 𝙨𝙩𝙖𝙮 𝙞𝙣𝙫𝙚𝙨𝙩𝙚𝙙 𝙞𝙣 𝙨𝙩𝙧𝙤𝙣𝙜 𝙡𝙤𝙣𝙜-𝙩𝙚𝙧𝙢 𝙩𝙝𝙚𝙢𝙚𝙨, 𝙗𝙪𝙩 𝙠𝙚𝙚𝙥 𝙙𝙞𝙨𝙘𝙞𝙥𝙡𝙞𝙣𝙚 𝙬𝙝𝙚𝙣 𝙫𝙖𝙡𝙪𝙖𝙩𝙞𝙤𝙣𝙨, 𝙚𝙭𝙥𝙚𝙘𝙩𝙖𝙩𝙞𝙤𝙣𝙨 𝙤𝙧 𝙩𝙚𝙘𝙝𝙣𝙞𝙘𝙖𝙡 𝙨𝙞𝙜𝙣𝙖𝙡𝙨 𝙗𝙚𝙘𝙤𝙢𝙚 𝙨𝙩𝙧𝙚𝙩𝙘𝙝𝙚𝙙. 𝙒𝙞𝙨𝙝𝙞𝙣𝙜 𝙮𝙤𝙪 𝙖 𝙥𝙧𝙤𝙨𝙥𝙚𝙧𝙤𝙪𝙨 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙬𝙚𝙚𝙠 𝙖𝙝𝙚𝙖𝙙! 👍

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

3 Mentioned

SPCX

Space Exploration Technologies Corp

Micron Technology, Inc.

MCHI

iShares MSCI China ETF

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