Broad Portfolio Weakness Drives Defensive Rotations
The July 17 update shows broad pressure across Mosaic portfolios. Every strategy closed the week lower, while UK100 and Australia50 benchmarks remained positive. Four markets changed their selections and benchmark hedge levels ranged from about 8% to 24%.
USA100 declined 5.23% against a benchmark loss of 1.54%. CSCO entered the portfolio in place of SLB, joining MU, CAT, FDX and GOOGL. The benchmark hedge was 8.53%.
Technology remained the main source of weakness. Nasdaq100 fell 15.92% versus -4.16% for the benchmark. RKLB returned to the selection and replaced NBIS, with the benchmark hedge rising to 11.81%.
European portfolios also finished lower. Europe50 lost 4.84% against -0.86% for the benchmark and rotated into BAYN.DE, removing IFX.DE. Germany40 declined 3.47% versus -0.80%, with no selection change.
Italy40 kept its current five holdings and closed at -3.45% against -0.54% for the benchmark. UK100 also remained unchanged, falling 0.72% while its benchmark gained 0.73%.
Australia50 rotated into LYC.AX and QBE.AX, replacing EVN.AX and ANZ.AX. The portfolio declined 1.90% despite a benchmark gain of 1.05%, while its benchmark hedge was the highest in the group at 23.51%.
Compact Weekly Dashboard
| Market | Current Tickers | Rotation | Hedge | Portfolio | Benchmark |
|---|---|---|---|---|---|
| USA100 | MU, CAT, FDX, CSCO, GOOGL | In: CSCO Out: SLB | 8.53% | -5.23% | -1.54% |
| Nasdaq100 | MU, TER, MRVL, GFS, RKLB | In: RKLB Out: NBIS | 11.81% | -15.92% | -4.16% |
| Europe50 | NOKIA.HE, ASML.AS, ENI.MI, ENGI.PA, BAYN.DE | In: BAYN.DE Out: IFX.DE | 9.69% | -4.84% | -0.86% |
| Germany40 | IFX.DE, ENR.DE, RWE.DE, BAYN.DE, DHL.DE | No change | 11.72% | -3.47% | -0.80% |
| Italy40 | STMMI.MI, SPM.MI, PRY.MI, BPE.MI, IG.MI | No change | 12.00% | -3.45% | -0.54% |
| UK100 | GLEN.L, CCC.L, ANTO.L, IGG.L, SDR.L | No change | 8.37% | -0.72% | 0.73% |
| Australia50 | RIO.AX, WOW.AX, WDS.AX, LYC.AX, QBE.AX | In: LYC.AX, QBE.AX Out: EVN.AX, ANZ.AX | 23.51% | -1.90% | 1.05% |
Portfolio Message
The latest readings call for disciplined risk monitoring. Portfolio weakness was broader than benchmark weakness in every market, and the largest relative gap remained in Nasdaq100. The new rotations should be evaluated through the next weekly confirmation rather than treated as stand-alone signals.
This weekly update is research material only and is not personalized financial advice.
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