Yun Jui Tsai @YunRueiTsai: "@YunRueiTsai 2026 YTD Return: +34.36% This week’s..."

Taiwan

@YunRueiTsai 2026 YTD Return: +34.36% This week’s focus: $SOXX (iShares Semiconductor ETF ) rebound or software / cybersecurity rotation? Last week, I noticed a clear shift. AI hardware pulled back, but software and cybersecurity started to show strength. The data was clear: SOXX: about -7.82% $NSDQ100 : about -1.59% $SPX500 about +0.51% But cybersecurity and software outperformed: HACK about +4.33% $IGV (Ishares Expanded Tech-Softwa) about +4.09% This tells me money did not fully leave technology. It started moving from the most crowded AI hardware trade into software and cybersecurity. One name I mentioned last week was $CRWD (Crowdstrike Holdings) It remains one of my key watchlist stocks this week. Why? Cybersecurity has three important strengths: 1. Enterprise spending is more resilient 2. AI increases attack surfaces 3. During semiconductor pullbacks, cybersecurity can act like growth defensive This week, I expect SOXX to attempt a rebound. But I am not only watching whether it rebounds. I am watching the quality of the rebound. If SOXX rebounds with strong volume and reclaims key levels, AI hardware may start to repair. But if the rebound is weak, while CRWD, NET, PANW, ZS, IGV, and HACK continue to outperform, then the market may be confirming a second-half rotation. If that happens, I will adjust the portfolio. But because when the market rhythm changes, the portfolio needs to evolve too. Key events this week: 7/6: ISM Services PMI 7/7: Samsung Q2 preliminary earnings 7/8: FOMC minutes 7/9: Initial jobless claims 7/10: $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) June revenue For followers and copiers: The current portfolio may experience sharp volatility. That is part of investing in high-growth AI infrastructure themes. Pullbacks are not scary. The real risk is knowing the portfolio has a problem and refusing to adjust. The real risk is seeing new market signals and pretending nothing has changed. I will continue to manage risk based on market signals. If semiconductors repair, I will watch whether strong positions should be rebuilt. If software / cybersecurity continues to lead, I will consider shifting more capital toward stronger areas. My goal has not changed: Control risk. Improve the portfolio. Give the portfolio a better chance to challenge new highs again. $ALAB (Astera Labs Inc) $MU (Micron Technology, Inc.) $SMSN.L (Samsung Electronics Co Ltd - GDR)

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