Nabil Sifo @NabilSifo: "𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐰𝐞𝐞𝐤𝐥𝐲 𝐮𝐩𝐝𝐚𝐭𝐞: 𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐝𝐚𝐭𝐚,..."

Germany

𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐰𝐞𝐞𝐤𝐥𝐲 𝐮𝐩𝐝𝐚𝐭𝐞: 𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐝𝐚𝐭𝐚, 𝐭𝐫𝐚𝐝𝐞 𝐭𝐚𝐥𝐤𝐬, 𝐚𝐧𝐝 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐦𝐨𝐯𝐞𝐬 Dear copiers and followers, We had a volatile week behind us, partially driven by the correction in the general market and partially by Netflix’s Q3 2025 earnings miss on Oct 21. Netflix shares fell and remained volatile, while Nebius rebounded after a sharp pullback. Macro sentiment turned on trade and geopolitics. This has become increasingly common these days. The back-and-forth announcements on the Ukraine war, the trade negotiations, and the highly awaited meeting of President Trump and President Xi scheduled for October 30 in South Korea on the sidelines of the APEC summit. The shutdown of the US government, which become by now among the longest on record, also added to market uncertainty and was one reason investors sold. All those factors combined with elevated valuations and earnings season pressured the stock market during the past week. While the market had a partial recovery on Friday, our portfolio still nearing the full recovery, but we are set on the right path. The September CPI report was released October 24, 2025, showing 3.0% year-over-year inflation, slightly below expectations. This was interpreted as a sign of cooling inflation and strengthened expectations of a Fed rate cut. This certainty This strengthened investor sentiment and the stock market rebounded. While the inflation data itself is a great catalyst for the stock market, I believe signing a trade deal between the US and China would be THE major catalyst for this quarter. All eyes are on President Trump and President Xi’s meeting next Thursday. 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐜𝐡𝐚𝐧𝐠𝐞𝐬: Last week I made some minor changes in our portfolio, aiming to increase our exposure to Chinese business and rebalance for some higher growth. My observations now indicate many possible catalysts toward the year end. So I decided to increase allocation to high-growth stocks. 𝐑𝐞𝐝𝐮𝐜𝐞𝐝 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬: • Amazon: I closed two small positions, securing a good profit on those trades to free up capital. • Visa and Deutsche Telekom: Also in order to free capital for other investments. 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐚𝐧𝐝 𝐧𝐞𝐰 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬: • Enlarging our exposure to China, I added to our existing investments in $BABA (Alibaba-ADR) and $3750.HK (Contemporary Amperex Technology Co Limited) and initiated a small position in $1810.HK (Xiaomi Corp) The initial position in Xiaomi will be increased over time if the stock dips more. • I added to our $NBIS (Nebius Group NV) position to take advantage of the dip. It turned out I bought a bit earlier, but the stock already rebounded and we are on track again with our investment. I was hoping Mercado Libre and $BTC would dip a bit more, but it did not. Either way, that is good news. I am still interested in those two assets, but if Netflix continues to fall further, I will also buy some on pullbacks. Best regards, Nabil Sifo $SPX500 I am a professional risk modeler and an Associate Member of the Chartered Institute for Securities & Investment (CISI), London. All posts reflect my personal opinions only and do not constitute, nor should they be interpreted as, financial advice or a recommendation to buy or sell any securities. Risk Warnings: Copy Trading does not amount to investment advice | Your capital is at risk | Past performance is not indicative of future results.