COPIERS AND FOLLOWERS UPDATE
Hi everyone, here is another update for you on the back of a very volatile month indeed.
Fears over AI profitability and the seemingly frothy valuations of companies linked with the technology, have seen shares yo-yo over the last few weeks as investors' sentiment is thrown from one side to the other.
November is traditionally the best month for stock gains on average, however so far November is shaping up to be a month to forget, with tech companies bearing the brunt of the falls. Not only stocks, but Bitcoin has suffered a big climbdown, losing over a third of its value at one point to skim the $80000 level, climbing down from its high of around $125000.
The extended government shutdown in the U.S, now resolved, has not helped matters either, but the markets' intraday moves on some days recently have been about sentiment alone.
The most eye-catching of these days came last Thursday, when $NVDA (NVIDIA Corporation) released its highly anticipated earnings, which markets were very wary over due to Nvidia being the bellwether for AI health. As usual, its results surpassed expectations as better-than-expected results and an upbeat Q4 sales forecast was announced.
Having initially gained 5%, Nvidia slumped to end the day down 3% to mirror the wider markets, with the S&P 500 rising nearly 2%, only to finish the day down over 1.5%.
Fears over the Fed now not cutting in December have further dampened sentiment. Following the government shutdown, the delayed September jobs report showed the U.S economy adding more jobs than economists thought. A slower rate cutting cycle would prove a drag on stocks, but in particular tech and AI.
For us, despite things dropping we have not fared as badly as the wider indices, as we are well diversified and not over invested in big tech. We could well see a more broadening out of stock rises if tech does decide to take a breather, which would further benefit the portfolio.
From my point of view, there is no need to worry or to press any alarm buttons yet. There is plenty to look forward to which will act as additional stimuli for markets and corrections are perfectly healthy and to be expected, no matter how strong markets and the economy are.
I will be posting next month on why I think we are in for a good period for the stock markets and to talk in a bit more length on how we are positioned going into 2026.
In the meantime, have a great rest of the week and keep looking out for new posts from me.
Best wishes, Richard.... Show More
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Wed Feb 04 2026 20:23:41 GMT+0000 (Coordinated Universal Time)
