Portfolio Update
YTD: +493%
It’s been another wild week in the markets. Between volatility jumping all over the place and everyone calling for the end of the AI bubble (again), the noise is deafening.
Meanwhile, I’m sitting here with the portfolio at +493% YTD, trying not to get too comfortable.
The truth is, this market, especially Big Tech, feels stretched but not finished. If I had to guess, we’re probably in the seventh or eighth inning of this AI-fueled U.S. market bubble. But that’s just a guess, not a trade.
I’m not shifting my portfolio or trying to time the turn. Calling tops never works for long. I’m focused on what I can actually control: position sizing, risk management, and staying patient.
Portfolio Activity & Positioning
Since my last update, I’ve made a couple significant moves worth discussing.