Weekly Portfolio Update – Week 22: May 27 – June 02

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:

1. Salesforce ($CRM): The enterprise giant took a hit with lower-than-expected results, leading to a sharp drop in share value.
2. NVIDIA’S Rise: 𝑁𝑣𝑖𝑑𝑖𝑎 $NVDA 𝑐𝑜𝑛𝑡𝑖𝑛𝑢𝑒𝑠 𝑡𝑜 𝑤𝑜𝑤, 𝑤𝑖𝑡ℎ 𝑡ℎ𝑒𝑖𝑟 𝑠ℎ𝑎𝑟𝑒𝑠 𝑠𝑘𝑦𝑟𝑜𝑐𝑘𝑒𝑡𝑖𝑛𝑔 to new heights.
3. Fed’s Inflation Gauge: The core PCE Price Index met expectations, causing a ripple in consumer spending insights.
4. Jamie Dimon on Private Credit: Jamie Dimon from JPMorgan ($JPM) added that while private credit is booming, it’s not without potential challenges.

Market Cap Leader:

• Nvidia ($NVDA)standsstrongwithamarketvalueof$2.81T, inching close to Apple (𝐴𝐴𝑃𝐿)′𝑠AAPL)′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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