This report reflects the discussions and views shared during our RA meeting. These are personal opinions of the team members and should not be interpreted as financial or trading advice. Readers should conduct their own research and consult with financial advisors before making any investment decisions.

🟢 The team remains constructive and moderately bullish heading into Q4, though positioning has been approached with more caution amid expectations of one more potential dip. Allocations have increased selectively, with Nicolai now ~65% deployed, while others such as Jake and Niklas remain patient holding yield positions and stables until better entries appear. Portfolios are thus balanced but risk-aware, with conviction intact...