Stewart Fitzell @defense_investor: "𝗠𝗔𝗥𝗞𝗘𝗧 & 𝗣𝗢𝗥𝗧𝗙𝗢𝗟𝗜𝗢 𝗨𝗣𝗗𝗔𝗧𝗘 -𝙎𝙚𝙡𝙡𝙞𝙣𝙜 𝙞𝙣𝙩𝙤..."

Ireland

𝗠𝗔𝗥𝗞𝗘𝗧 & 𝗣𝗢𝗥𝗧𝗙𝗢𝗟𝗜𝗢 𝗨𝗣𝗗𝗔𝗧𝗘 -𝙎𝙚𝙡𝙡𝙞𝙣𝙜 𝙞𝙣𝙩𝙤 𝙎𝙩𝙧𝙚𝙣𝙜𝙩𝙝, 𝙇𝙚𝙖𝙣𝙞𝙣𝙜 𝙞𝙣𝙩𝙤 𝙒𝙚𝙖𝙠𝙣𝙚𝙨𝙨 Over recent weeks, I trimmed and tightened parts of the portfolio to keep it flexible and agile. Cash peaked at 20% just before a sharp but brief pullback on Thursday, where the NASDAQ fell as much as 2.6%, driven by a more uncertain outlook from $MSFT (Microsoft) and underperformance from Tesla in their Q4 earnings. This portfolio dipped slightly and I used the weakness to add selectively. I added to $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) , increased exposure to $RR.L (Rolls-Royce) , added further to $CBRE (CBRE Group Inc) and initiated a 2.5% position in $PLTR (Palantir Technologies Inc.) . Palantir is a higher-risk / higher-reward position, so it’s intentionally sized conservatively. 𝙎𝙞𝙡𝙫𝙚𝙧’𝙨 𝙄𝙣𝙘𝙧𝙚𝙙𝙞𝙗𝙡𝙚 𝙍𝙪𝙣 Silver has had an exceptional run, peaking at $117 earlier this week, and has made a strong contribution to this portfolio’s growth. I sold into strength and trimmed the position to take some profits. While silver may pull back from here, I’m maintaining a holding rather than exiting entirely. 𝙈𝙖𝙘𝙧𝙤 𝙋𝙚𝙧𝙨𝙥𝙚𝙘𝙩𝙞𝙫𝙚 From a macro perspective, the US Federal Reserve held interest rates steady and signalled policy is close to neutral. The US economy remains on firm footing, with growth holding up and the labour market stabilising - a constructive backdrop despite ongoing volatility. A potential US government shutdown appears to have been avoided. My outlook for markets remains positive, but I expect further volatility through this earnings season. A weaker dollar has supported strength in gold and silver, and comments from President Trump can trigger sharp, short-term pullbacks. I’m therefore maintaining a higher than average cash position (~15%), which helps keep the portfolio agile and ready to act. ❓️Please share your views in the comments: 𝘿𝙤 𝙢𝙖𝙧𝙠𝙚𝙩 𝙥𝙪𝙡𝙡𝙗𝙖𝙘𝙠𝙨 𝙢𝙖𝙠𝙚 𝙮𝙤𝙪 𝙢𝙤𝙧𝙚 𝙘𝙖𝙪𝙩𝙞𝙤𝙪𝙨, 𝙤𝙧 𝙢𝙤𝙧𝙚 𝙞𝙣𝙩𝙚𝙧𝙚𝙨𝙩𝙚𝙙 𝙞𝙣 𝙖𝙙𝙙𝙞𝙣𝙜 𝙩𝙤 𝙥𝙤𝙨𝙞𝙩𝙞𝙤𝙣𝙨? Have a nice weekend, Stewart ⚠️ Risk Warnings: Copy Trading does not amount to investment advice | Your capital is at risk | The value if your investments may go up or down. | Past performance is not indicative of future results.

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