Week of August 01, 2026: Funding the Rotation — From Gold & Energy Into Financials and RELX

Portfolio Performance

• Start of week: 12,378.22 EUR
• End of week: 12,497.72 EUR
• Change: +119.50 EUR (+0.97%)

A solid, controlled up-week—especially considering most of my activity was rebalance plumbing (selling “funding legs” to finance new or expanded positions) rather than swinging for home runs.

Market Context (Brief)

This week felt like a classic late-summer mix: pockets of strength in large-cap growth, ongoing cross-currents between defensives and cyclicals, and sector leadership that wasn’t perfectly stable day-to-day. In that kind of tape, I stick to my process: keep concentration in check, fund new exposure with deliberate trims, and avoid letting small leftover stubs add noise to risk.

Following up on last week’s theme—diversifying winners and building RELX while defusing crowded tech/semis—I continued leaning into a more balanced structure, but I did it in stages.

What I Traded (and Why)

August 02 — Sold GLD to fund new risk (AMZN + XLF)

• I sold 1 GLD @ 322.17 to raise cash as a clean funding source for the rebalance. Gold can be useful ballast, but in this plan it was the least disruptive place to harvest liquidity.
• I bought 1 AMZN @ 235.49 as part of the recommended rebalance—adding a targeted slice of mega-cap momentum/“AI-adjacent” exposure without overhauling my core tech holdings.
• I bought 3 XLF @ 49.37 to establish/increase a tactical financials sleeve. The goal here was diversification: adding a sector that can behave differently than pure growth while still participating in broader risk-on phases.

August 03 — More funding legs + continued XLF build

• I sold 0.29 NVDA @ 174.19 to remove a tiny volatile stub and free low-friction cash. Small leftover positions can distort risk management; I prefer clean sizing.
• I sold 1 XLE @ 51.67 as another minimal-disruption funding leg—raising cash while keeping core holdings intact.
• I bought 2 XLF @ 49.41 to continue scaling into financials per the plan, using proceeds from the NVDA/XLE trims plus existing cash.

August 04 — Repeated the same playbook (trim stubs, add XLF)

• I sold 0.29 NVDA @ 179.54 again as part of the staged funding approach—continuing to reduce residual exposure and raise cash cleanly.
• I sold 1 XLE @ 51.08 to fund the next step without forcing changes elsewhere.
• I bought 2 XLF @ 49.86 to complete another increment of the financials tilt while prices were still within my intended range.

August 07 — Pivot: trim XLF/XLE and scale RELX

Last week I mentioned building RELX with discipline; this is where I followed through more aggressively. - I sold 2 XLF @ 50.17 specifically as a funding leg—trimming financials after the build-up to redeploy into RELX. - I sold 0.72 XLE @ 50.47 effectively closing out the remaining energy ETF sleeve (the “full holding” per plan) to free additional cash for the rotation. - I bought 5.58 RELX @ 31.02 deploying most available cash while keeping a small buffer for execution variance.

August 08 — Final top-up into RELX funded by another small XLF trim

• I sold 2 XLF @ 49.83 to raise the last bit of cash needed for the intended RELX sizing.
• I bought 3.25 RELX @ 30.73 using essentially all proceeds—tightening portfolio focus around the rebalance target rather than leaving idle cash.

Where I Ended the Week (Positioning Takeaways)

• I’m now carrying meaningful weight in RELX, built in multiple tranches rather than one oversized entry.
• I kept exposure to megacap tech via existing holdings and added a small incremental bet through AMZN, but stayed disciplined about “stub cleanup” (NVDA).
• Sector-wise, I used XLF as both an allocation tool and a funding source, trimming it back later to prioritize RELX.

Outlook for Next Week

Next week my priority is execution quality, not activity: I’ll be watching whether RELX stabilizes after the scale-in (it’s slightly underwater at the moment), while monitoring whether financials regain momentum after my trims. If volatility picks up, I’ll keep doing what worked this week: fund changes with intentional sells, avoid accidental concentration, and keep position sizes clean enough that risk controls actually mean something.