Hello, eToro copiers!
It’s been an eventful week for our portfolio. Here’s your recap:
📈 Santiago1000 Portfolio Performance:
- Weekly: -0.26%
- 3 Months: +8.04%
- 12 Months: +50.62%
- YTD: +34.01%
🌟 Top Weekly Portfolio Gainers:
- $ANF: +15.12%
- $NVDA: +2.97%
- $ANF: +2.17%
- $MELI: +1.89%
- $BRK.B: +1.72%
- $LLY: +1.60%
- $AAPL: +1.19%
- $JPM: +0.96%
📊 Weekly Market Analysis:
After a fantastic five-week win streak, the S&P 500 ($SPX) finally saw a decline, marking an end to an action-packed May.
Key Highlights:
- Salesforce ($CRM): The enterprise giant took a hit with lower-than-expected results, leading to a sharp drop in share value.
- NVIDIA’S Rise: 𝑁𝑣𝑖𝑑𝑖𝑎 $NVDA 𝑐𝑜𝑛𝑡𝑖𝑛𝑢𝑒𝑠 𝑡𝑜 𝑤𝑜𝑤, 𝑤𝑖𝑡ℎ 𝑡ℎ𝑒𝑖𝑟 𝑠ℎ𝑎𝑟𝑒𝑠 𝑠𝑘𝑦𝑟𝑜𝑐𝑘𝑒𝑡𝑖𝑛𝑔 to new heights.
- Fed’s Inflation Gauge: The core PCE Price Index met expectations, causing a ripple in consumer spending insights.
- Jamie Dimon on Private Credit: Jamie Dimon from JPMorgan ($JPM) added that while private credit is booming, it’s not without potential challenges.
Market Cap Leader:
- Nvidia (𝑁𝑉𝐷𝐴)𝑠𝑡𝑎𝑛𝑑𝑠𝑠𝑡𝑟𝑜𝑛𝑔𝑤𝑖𝑡ℎ𝑎𝑚𝑎𝑟𝑘𝑒𝑡𝑣𝑎𝑙𝑢𝑒𝑜𝑓2.81T, inching close to Apple (𝐴𝐴𝑃𝐿)′𝑠2.92T. Can Nvidia overtake Apple? Stay tuned! 🚀
U.S. Indices:
- Dow ($DJIA): -1.0%
- S&P 500 ($SPX): -0.5%
- Nasdaq ($COMP): -1.1%
- Russell 2000: +0.8%
S&P 500 Sectors:
- Consumer Staples: +0.1%
- Utilities: +1.6%
- Energy: +2%
Global Indices:
- London: -0.5%
- France: -1.3%
- Germany: -1.1%
- Japan: -0.4%
- China: -0.1%
- Hong Kong: -2.8%
- India: -1.9%
Commodities and Bonds:
- Crude Oil WTI: -0.7% to $77.18/bbl
- Gold: +0.1% to $2,347.7/oz
- Natural Gas: +2.4% to 2.581
- Ten-Year Bond Yield: -0.2 bps to 4.503
Forex and Cryptos:
- EUR/USD: +0.04%
- USD/JPY: +0.19%
- GBP/USD: +0.02%
- Bitcoin: -2.3%
- Litecoin: -2.1%
- Ethereum: +0.8%
- XRP: -4%
Investment Decisions:
- Purchases: No new positions have been added.
- Sales: No positions closed this week.
Predictions and Strategies:
I remain optimistic about the tech sector, particularly with AI’s rapid advancements. We’ll keep focusing on companies with strong technological innovation and solid fundamentals.
Investment Tips: Diversification:
Spread your investments across various asset classes to reduce risk and hedge against market volatility. Whether it’s stocks, bonds, real estate, or cryptocurrency, diversification can potentially offer higher long-term returns.
Thank you all for your trust. Together, we will continue to grow and succeed!
Until next time, Santiago 🌟
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