RenatoPr @RenatoPr: "⭐ 𝐀 𝐍𝐄𝐖 𝐉𝐎𝐔𝐑𝐍𝐄𝐘 –..."

United Kingdom

⭐ 𝐀 𝐍𝐄𝐖 𝐉𝐎𝐔𝐑𝐍𝐄𝐘 – 𝐖𝐄𝐄𝐊 𝟒𝟔⭐ Good afternoon and welcome back another portfolio update. ☆ 𝐌𝐚𝐫𝐤𝐞𝐭 𝐍𝐞𝐰𝐬 ☆ First thing first, let's start with some recent news; Deloitte's Q2 2024 US economic forecast underscores continued economic optimism despite several challenges. Key points include: ● 𝐆𝐃𝐏 𝐆𝐫𝐨𝐰𝐭𝐡: Projected to reach 2.4% in 2024 before decelerating to 1.1% in 2025. ● 𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧: Consumer Price Index (CPI) is anticipated to remain above 3% through mid-2024, decreasing to 2.7% by year-end. The Federal Reserve is expected to implement rate cuts in the latter half of 2024. ● 𝐋𝐚𝐛𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: Job growth is slowing, with unemployment projected to rise to just under 4% in 2025. ● 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐒𝐩𝐞𝐧𝐝𝐢𝐧𝐠: Remains robust but is expected to taper as pandemic-era savings are exhausted. ● 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭: Growth will be driven by machinery, equipment, and AI technologies investments. ● 𝐑𝐢𝐬𝐤𝐬: Geopolitical conflicts and trade issues may heighten inflation and impede growth. Despite strong consumer spending and business investments bolstering GDP growth, persistent inflation and geopolitical risks pose significant challenges. The Federal Reserve's anticipated rate cuts aim to balance inflation control with sustaining economic growth. However, potential geopolitical conflicts and trade disruptions could undermine this positive outlook. 𝐆𝐢𝐯𝐞𝐧 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭, 𝐰𝐡𝐢𝐜𝐡 𝐟𝐚𝐜𝐭𝐨𝐫 𝐝𝐨 𝐲𝐨𝐮 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐩𝐨𝐬𝐞𝐬 𝐭𝐡𝐞 𝐠𝐫𝐞𝐚𝐭𝐞𝐬𝐭 𝐫𝐢𝐬𝐤 𝐭𝐨 𝐭𝐡𝐞 𝐔𝐒 𝐞𝐜𝐨𝐧𝐨𝐦𝐲'𝐬 𝐠𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝟐𝟎𝟐𝟒? Let me know by voting on the poll down below! ☆ 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 ☆ As of today, we're still beating the $SPX500 on a Year-to-Date basis while we're slightly lagging behind the $NSDQ100 which has been outperforming. In details: 🟢 𝐘𝐞𝐚𝐫-𝐭𝐨-𝐃𝐚𝐭𝐞 𝐑𝐞𝐭𝐮𝐫𝐧: 𝟏𝟕.𝟑𝟎% 🟢 𝐌𝐨𝐧𝐭𝐡𝐥𝐲 𝐑𝐞𝐭𝐮𝐫𝐧: 𝟑.𝟒𝟎% With no trades being closed this week, our numbers have stayed the same, so I'll reiterate them down below: ● 𝐓𝐨𝐭𝐚𝐥 𝐓𝐫𝐚𝐝𝐞𝐬: 𝟒𝟗 ● 𝐏𝐫𝐨𝐟𝐢𝐭𝐚𝐛𝐥𝐞 𝐓𝐫𝐚𝐝𝐞𝐬: 𝟔𝟏.𝟐𝟐% ● 𝐀𝐯𝐞𝐫𝐚𝐠𝐞 % 𝐑𝐞𝐭𝐮𝐫𝐧 (𝐏𝐨𝐬𝐢𝐭𝐢𝐯𝐞 𝐓𝐫𝐚𝐝𝐞): 𝟕% ● 𝐀𝐯𝐞𝐫𝐚𝐠𝐞 % 𝐑𝐞𝐭𝐮𝐫𝐧 (𝐍𝐞𝐠𝐚𝐭𝐢𝐯𝐞 𝐓𝐫𝐚𝐝𝐞): 𝟒.𝟔𝟗% ☆ 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 ☆ As I previously mentioned, no trades have been closed this week yet we added two more positions, both long, being $AMD (Advanced Micro Devices Inc) and $FL (Foot Locker Inc) We still have enough equity for another position which will probably be a short one just to have an edge on the overall long portfolio. ☆ 𝐅𝐢𝐧𝐚𝐥 𝐂𝐨𝐦𝐦𝐞𝐧𝐭𝐬 ☆ I'd like to thank you for taking the time to read my updates and I'd greatly appreciate it if you could like a like or a comment down below. Have a great week and I'll see you soon with another update. Renato

Persistent inflation

100.00%

Geopolitical conflicts

100.00%

Slowing job growth

100.00%

Depleting consumer savings

100.00%

4 Mentioned

SPX500

NSDQ100

AMD

Advanced Micro Devices Inc

Foot Locker Inc