🚀 Weekly Portfolio Update – Week 03: Jan 15th–Jan 21st, 2024 🚀

🚀 Weekly Portfolio Update – Week 03: Jan 15th–Jan 21st, 2024 🚀

 

Dear Copiers,

 

📈 Market Recap:

The stock market closed the week on a high note, S&P 500 hitting a record high. Santiago1000 portfolio rose 3.60%, outperforming major indices. Semiconductor stocks led the rally, boosted by booming demand for high-end chips used in AI. Consumer sentiment improved, and the Nasdaq 100 reached an all-time high.

🌍 Global Shifts:

China’s population declined for the second year, impacting the global economy. Beijing focuses on a “silver” economy, estimated to be worth $4.2T by 2035. Spirit Airlines faced a merger setback, tumbling 47%. U.S. redesignated Yemen’s Houthis as a terrorist organization, impacting Red Sea tensions and global trade.

💻 Tech Dominance:

Tech continues to shine, with chip optimism and AI driving sentiment. Nasdaq 100 at a new high, Information Technology leading YTD performance. Tesla faces challenges, sliding 15% YTD. Government avoids shutdown with a temporary spending bill.

📉 Weekly Movement:

S&P 500 Sectors:

• Winners: Tech +4.3%, Financials +0.9%, Consumer Discretionary +0.5%
• Losers: Utilities -3.7%, Energy -3.1%, Real Estate -2.2%

World Indices:

• Gainers: Japan +1.1%
• Losers: Hong Kong -5.8%, London -2.1%, France -1.3%

Commodities and Bonds:

• Crude Oil WTI +1% to $73.43/bbl, Gold -1% to $2,031.8/oz, Ten-Year Bond Yield -0.2 bps to 4.13.

Forex and Cryptos:

• USD/JPY +2.24%, Bitcoin -2.7%

📈 Top Portfolio Gainers:

$SMCI +24.68%, $AMD +18.88%, $NVDA +8.74%, $VRT +8.38%, $ASML +6.25%, $MELI +4.08%, $BLDR +3.06%, $AAPL +3.03%

 

📆 Upcoming:

Focus on tech with Nvidia, AMD, and Broadcom leading. Key indicators: Q4 GDP, global flash PMIs. Central banks’ decisions, including Bank of Japan, European Central Bank, and Bank of Canada. Earnings from Tesla, Netflix, Visa, and more.

 

🚀 Until next time,

 

Santiago 🚀

 

#WeeklyUpdate #Investing #TechRally