Veronika Tykhonova
Poland
5m
๐—ฆ๐˜๐—ถ๐—น๐—น ๐—–๐—น๐—ถ๐—บ๐—ฏ๐—ถ๐—ป๐—ด: ๐—ช๐—ต๐—ฎ๐˜ ๐˜๐—ต๐—ฒ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐— ๐—ถ๐—ด๐—ต๐˜ ๐—ž๐—ป๐—ผ๐˜„ ๐—ง๐—ต๐—ฎ๐˜ ๐—ช๐—ฒ ๐——๐—ผ๐—ปโ€™๐˜ Thereโ€™s been no shortage of warnings this year. Rising deficits, political noise, global tension, and a dollar many say is overvalued. Honestly, I didnโ€™t expect the market to stay this resilient. Iโ€™ve kept some hedges in place, thinking we were due for a pullback. And yet, here we are. US stocks continue to grind higher. Bond yields are easing. Retail investors are buying in aggressively. Corporate buybacks are happening at near-record levels. Inflation is softer than expected. Growth is holding. AI is once again the dominant narrative โ€” this time backed by real capital and fast adoption, especially in the US. It feels like the market is betting that AI-driven productivity and a surprisingly strong consumer can outweigh all the structural risks, at least for now. So what can we actually do in a market like this? Hereโ€™s what Iโ€™m focusing on: โ€ข Stay exposed, but be selective. Chasing hype rarely ends well. I look for companies with real earnings, strong balance sheets, and healthy cash flow. And when something feels priced for perfection, I take some profits. โ€ข AI is a major theme, but donโ€™t go all in on the obvious names. There are lesser-known players and global beneficiaries that offer more reasonable valuations. โ€ข Watch the bond market closely. Yields falling while deficits rise could mean investors still trust the US system โ€” or it could be an early warning that growth is about to slow. Either way, bonds often move before equities do. โ€ข Donโ€™t underestimate retail flows. Theyโ€™re playing a huge role in this rally. That doesnโ€™t mean copy every move, but ignoring that force isnโ€™t smart either. โ€ข Look beyond the US. Capital is flowing into markets like Japan and India, where fundamentals are improving. Diversification matters more when leadership shifts. This rally isnโ€™t without risk. But itโ€™s not irrational either. The key now is balance. Stay informed, stay flexible, and let the data guide your next steps โ€” not the headlines.
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