Falcon’s View – Week ending 13 March 2026

Performance

· NASDAQ-100: -1.98%.

· S&P 500: -1.90%.

· STOXX Europe 600: -3.79%.

· EURO STOXX 50: -3.77%.

· OMXS30 (Sweden): -5.10%.

My portfolio: -4,32

Market pulse

Global equities weakened as an energy-driven geopolitical shock replaced ordinary macro data as the market’s main concern. Escalation in the U.S.-Israeli war with Iran, disruption around the Strait of Hormuz, and attacks on regional energy infrastructure pushed oil materially higher, reviving inflation fears and forcing investors to reprice the path of interest rates after a week of major central-bank meetings. That combination produced a broad risk-off move: bond yields rose, equity funds saw outflows, Europe and Sweden were hit harder as energy and rate-hike fears intensified, and U.S. technology shares underperformed as higher yields weighed on long-duration growth valuations.

Crowd vs. price

The geopolitical situation resulting from the Iran conflict and its ramifications is sparking not just price decline but also an exodus from almost all equities.

Holdings & Watchlist Notes

Advanced Micro Devices (AMD): +4,11%.

AMD outperformed because investors received a dense run of positive AI-execution news despite a weak broader market backdrop. The main catalyst was AMD’s expanded Samsung partnership, which improved visibility on next-generation HBM4 memory supply for its MI455X accelerators and opened the door to possible foundry cooperation, easing concerns about AMD’s ability to deliver AI systems at scale. That was reinforced by progress on AMD’s Helios rack-scale platform and new Korea partnerships with NAVER Cloud and Upstage, which pointed to broader adoption of AMD’s GPUs, CPUs, and ROCm software. Additional support came from the withdrawal of a draft U.S. AI-chip export rule and a broader GTC-week rebound in AI shares, making AMD’s 4.1% weekly gain look more like a re-rating of execution credibility than a pure macro move.

• Relative crowd interest: Trend: upwards. Momentum: neutral.