Gaetano Bonfiglio @GaetanoBonfiglio: "𝐖𝐄𝐄𝐊𝐋𝐘 𝐑𝐄𝐂𝐀𝐏 Good morning everyone, I would..."

Italy

𝐖𝐄𝐄𝐊𝐋𝐘 𝐑𝐄𝐂𝐀𝐏 Good morning everyone, I would like to extend a warm welcome to the new copiers who have joined our community during this specific market phase. I want to reassure you that short-term declines and fluctuations are a natural part of the financial markets and should not cause concern when approached with method and discipline. The week concluded under the sign of volatility, driven by mixed macroeconomic data and institutional speeches that keep investor focus high on inflation and growth. The data from the past week's economic calendar highlights a complex scenario. In the United States, Q1 GDP growth at 2.1% and lower-than-expected jobless claims (215K) demonstrate the system's resilience. However, the Core PCE price index holding steady at 3.4% annually confirms persistent inflationary pressures. In Europe, the slowdown in the German manufacturing sector, with a PMI at 50.0, indicates stability but no expansion. This mixed backdrop partially weighed on major global equity indices. 𝐈𝐌𝐏𝐀𝐂𝐓 𝐎𝐍 𝐎𝐔𝐑 𝐏𝐎𝐑𝐓𝐅𝐎𝐋𝐈𝐎 This environment is reflected in our portfolio positioning. Our main allocation in $GOLD (8PSG.DE, 12.79%) performed its role excellently, providing solid protection against the week's uncertainty and inflation. At the same time, our structural positions in the technology sector $NVDA (NVIDIA Corporation) , $CRWD (Crowdstrike Holdings) , and $AVGO (Broadcom Inc) , despite being affected by temporary rate pressures, maintain excellent long-term fundamentals. We maintain a prudent management approach, with a controlled exposure to $BTC at 5.26% and broad sector diversification to mitigate drawdowns, placing capital preservation as an absolute priority over temporary fluctuations. I will continue to monitor the macroeconomic context before evaluating any gradual adjustments. Best, Gae (@GaetanoBonfiglio)

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