#MillionLongbridgeCommunityStories# Mid-2026 Review: Finding the Inner "Anchor" Amid Inflation Battles and Semiconductor Rotation

Halfway through 2026, looking back at these six months, it's less about battling the market and more about fighting my own greed and fear. This year's macro environment is complex, with inflation data fluctuating and semiconductor and space stocks experiencing wild swings, constantly testing investors' nerves.

1. The Inflation Battle and the Core Portfolio's "Steady Anchor"

At the beginning of the year, while tracking macro data long-term, I found core inflation to be extremely sticky. Based on my assessment of potential risks, I allocated a low position to gold ETFs (GLD) and anti-inflation dividend stocks as my core holdings. When tech stocks corrected due to macro headwinds, these earlier low-cost, bottom-fished safe-haven chips became the stabilizer for my account. My insight: always respect the macro cycle and leave yourself enough safety margin. By mid-year, this part not only wasn't reduced, but became the ballast for my mindset.

2. Perseverance and Profit Estimates in the Semiconductor Rotation

This year, my main focus is semiconductors, with capital frantically rotating between AI chips and traditional wafer foundries (like Intel, UMC). In Q2, my core holdings suffered a nearly 15% drawdown. Faced with the temptation of short-term speculation, I held back. Using Longbridge's financial report tool, I re-examined the long-term earnings per share (EPS) estimates and capital expenditures of the companies I hold. I found the short-term sell-off was just sentiment; their technological barriers and forward P/E ratios didn't worsen, and in fact became more attractive. So, I used a grid strategy to add to my positions in batches.

3. From Heart-Pounding to Calm Waters

Looking back at the ups and downs of my positions along the way, my biggest takeaway is: short-term speculation detached from fundamentals makes you money based on luck; only positions built on long-term tracking and deep industry insight can be held through a crash. In the second half of the year, I will continue to use value stocks as the foundation and semiconductors as the spear. Investing is a journey of cultivation. I hope everyone can reap the fruits of turning knowledge into value by year-end!