$ALLW 📈 Ray Dalio's Bridgewater Associates Makes a Strong Entry into Technology! The renowned investment fund Bridgewater Associates announced significant changes to its portfolio in its Q2 2025 13F report, filed with the SEC on August 13, 2025. The 13F portfolio managed by the Ray Dalio-led fund rose significantly from approximately $21.55 billion to $24.79 billion compared to the previous quarter. The most significant strategic move this quarter was the complete exit from Chinese stocks. Positions in major Chinese technology companies such as Alibaba, Baidu, and PDD, valued at approximately $1.1 billion, were closed. This decision, despite Dalio's past interest in China, reflects the shift in the global macroeconomic landscape. Bridgewater directed the vacated positions to US technology and artificial intelligence leaders. In particular, it significantly increased its holdings in companies such as Nvidia ($NVDA), Alphabet ($GOOGL), Microsoft ($MSFT), Meta Platforms ($META), and Salesforce ($CRM). These moves underscore the fund's reliance on innovation-focused growth stocks and its emphasis on the artificial intelligence sector. The portfolio has also partially reduced positions in some major technology companies, such as Amazon, AMD ($AMD), PayPal ($PYPL), and Apple ($AAPL). The fund maintains its diversified investment strategy, maintaining broad market exposure through exchange-traded funds such as the SPDR S&P 500 ETF Trust ($SPY) and the iShares Core S&P 500 ETF ($IVV). Bridgewater's dynamic rebalancing strategy reiterates its commitment to a diversified approach to global markets, with the goal of adapting to varying market conditions and achieving absolute returns.

🚨European stock markets mixed! 🤔 While the #Eurozone composite #PMI data exceeded expectations, the #Stoxx600 finished the day slightly lower. All attention turned to Fed Chair Powell's speech in Jackson Hole. 📊 #Europe #Economy #Stock Market #JacksonHole

The issue that frightens investors in the US markets and is constantly being talked about by those who know the old hat: Shortness of Breath Because the majority of the stock market returns still come from a few giant companies. While the rally has broadened somewhat, a few stocks still dominate the market. The top 10 companies (Nvidia, Microsoft, Apple, Amazon, Alphabet, Meta, Broadcom, Tesla, Berkshire Hathaway, and JPMorgan Chase) account for the following percentages: - 40% of the total value of the S&P 500 - 56% of the increase since the bottom on April 8 - 31% of the revenue growth over the last 12 months - 55% of the net profit growth over the last 12 months - 69% of the capital expenditure growth over the last 12 months What do these figures tell us? These companies (perhaps with the exception of Tesla) deserve high valuations because both their revenue and profitability are growing much faster than other companies. So, are these companies expensive? As you know, those who memorize this topic love to reference the .com bubble of 2000. But today's situation is very different. During the .com bubble, Cisco traded at 85x forward P/E, and Oracle at 90x. Today, Alphabet is at 20x, and Broadcom at 43x. Furthermore, most of the 2000 crash occurred in unprofitable, smaller technology companies. Admittedly, today's top 10 companies aren't particularly cheap either. But they're nowhere near the valuations they were during the .com crisis (with the exception of Tesla). Could these companies' valuations be adjusted? Of course. But comparisons to the 2000 bubble and fears of market recession aren't very meaningful.

The Atlanta Fed's Core Sticky CPI data has shown a sharp increase since Independence Day. The rise in these "sticky" items, where prices change more slowly, suggests that inflation could be more persistent. Analysts are closely watching how this data will affect markets. #Inflation #Economy #Fed #CPI #Market #Investment #RBAdvisors

⛽️ I interpret the 90-day postponement of high tariffs as throwing another quarter tank of gas into the markets. I hope an agreement is found during this time, and we experience another catalyst. As long as Trump is around, these things are normal. The important thing is to always stay in the game.🏌🏻‍♂️

As the rally in technology stocks boosts market sentiment, investors continue to assess the impact of Trump's new tariffs. 🔹 S&P 500 futures: +0.3% 🔹 Nasdaq 100 futures: +0.3% 🔹 Dow futures: +0.2% 📊 Bond Market 10Y return: 4.26% (flat) 2Y return: +1bp ➡ 3.75% 📌 Thursday Summary S&P 500: -0.08% (Eli Lilly earnings pressured) Nasdaq: +0.35% 🆙 Mag-7: +0.40% 📈 (All-time high) 💬 Deutsche Bank – Jim Reid: “Trump’s chip tax exemptions and the easing of Russia-Ukraine tensions have tempered optimism. Tariffs have taken effect, but the market reaction has been weak.” 📰 Other Developments Trump tariffs officially began last night Fed Governor Waller is emerging as a candidate for chairman after Powell Today's data agenda is quiet; St. Louis Fed President Musalem will speak #SP500 #Nasdaq #DowJones #TrumpTariffs #BondMarket #Fed #Markets