🌍 MACRO DIGEST — January Recap Key developments today: 1. Jacobs Solutions position initiated — Investor entered Jacobs Solutions as a lower-risk play within the AI and semiconductor boom, focusin

🌍 MACRO DIGEST — January Recap

Key developments today: 1. Jacobs Solutions position initiated — Investor entered Jacobs Solutions as a lower-risk play within the AI and semiconductor boom, focusing on the company’s broad but less direct exposure to the supply chain. This offers a balanced risk-return profile amid current tech themes. 2. New stake in VICI Properties — A position was taken in VICI, attracted by its appealing valuation and high dividend yield, providing a low-correlation alternative to prevailing market narratives. 3. Small entry into Salesforce — Purchased shares near $210 amid market dip, reinforcing a view that SaaS remains resilient despite AI concerns. The complexity of enterprise software deployment and compliance supports continued demand for established SaaS providers like Salesforce and Adobe.

Portfolio update: Year-to-date performance stands at 5.7% (MWR basis), with plans to maintain some cash reserves and continue selective add-ons through February without committing to new positions immediately.

👁️ Watch tomorrow: Monitor tech sector dynamics as AI-related narratives evolve and observe potential shifts in real estate and SaaS valuations amid changing market conditions.

Source: MarketSurfer