April–May 2026 — Day by Day
| Date | Unit Value | Daily | May MTD |
|---|---|---|---|
| 2026-04-15 | $1,913 | -0.3% | +7.9% |
| 2026-04-16 | $1,915 | +0.1% | +8.0% |
| 2026-04-17 | $1,928 | +0.8% | +8.7% |
| 2026-04-20 | $1,954 | +0.4% | +10.2% |
| 2026-04-21 | $1,966 | +0.6% | +10.9% |
| 2026-04-22 | $1,938 | -1.3% | +9.3% |
| 2026-04-23 | $1,949 | +0.5% | +9.9% |
| 2026-04-24 | $1,950 | +0.1% | +10.0% |
| 2026-05-04 | $1,911 | -2.0% | +7.8% |
| 2026-05-05 | $1,902 | -0.5% | +7.3% |
| 2026-05-06 | $1,968 | +3.4% | +11.0% |
| 2026-05-07 | $1,926 | -2.1% | +8.6% |
| 2026-05-08 | $1,950 | +1.2% | +10.0% |
| 2026-05-11 | $1,999 | +2.5% | +12.7% |
| 2026-05-12 | $1,957 | -2.1% | +10.3% |
| 2026-05-13 | $1,955 | -0.1% | +10.2% |
| 2026-05-14 ◀ Today | $1,954 | -0.1% | 0.0% |
Apr open return vs Apr 1 ($1,773). Unit values from live Finnhub prices.
Position Scoreboard — Sorted by Portfolio Weight
| Ticker | Sector | Price | Today | Since Entry | Weight | Signal |
|---|---|---|---|---|---|---|
| ETN | Infrastructure | $408.39 | -0.1% | +21.3% | 20.9% | STRONG HOLD ✅ |
| NVDA | AI Chips | $231.92 | +0.6% | +30.2% | 11.9% | STRONG HOLD ✅ |
| NUGT | 3x Gold Miners | $192.43 | -1.4% | -26.3% | 9.9% | HOLD ✅ |
| MSTR | Bitcoin | $176.02 | -0.7% | +9.9% | 9.0% | HOLD ✅ |
| XLE | Energy/Oil | $58.04 | +0.0% | +22.7% | 8.9% | HOLD ✅ |
| PPA | Defense ETF | $169.67 | -0.2% | -4.0% | 8.7% | STRONG HOLD ✅ |
| EWW | Mexico ETF | $79.83 | +0.1% | +7.0% | 8.2% | HOLD ✅ |
| URA | Uranium ETF | $52.64 | -0.4% | -2.7% | 8.1% | HOLD ✅ |
| INDA | India ETF | $48.17 | 0.0% | -6.9% | 7.4% | STRONG HOLD ✅ |
| TMF | 3x Long Bonds | $34.53 | -0.0% | -4.6% | 7.1% | WATCH 👀 |
Today = vs prev close. Since Entry = vs Jan 20, 2026. Weight = % of unit. ● = category. Prices via Finnhub.
Portfolio Allocation by Category
- Infrastructure & Defense29.6%
- Energy & Commodities26.9%
- AI & Tech11.9%
- Crypto Treasury9.0%
- Emerging Markets15.6%
- Bonds & Rates7.1%
| Ticker | Sector | Shares | Price | $/Unit | Weight |
|---|---|---|---|---|---|
| 🏗️ Infrastructure & Defense — 29.6% | |||||
| ETN | Infrastructure | ×1 | $408.39 | $408.39 | 20.9% |
| PPA | Defense ETF | ×1 | $169.67 | $169.67 | 8.7% |
| ⚡ Energy & Commodities — 26.9% | |||||
| NUGT | 3x Gold Miners | ×1 | $192.43 | $192.43 | 9.9% |
| XLE | Energy/Oil | ×3 | $58.04 | $174.12 | 8.9% |
| URA | Uranium ETF | ×3 | $52.64 | $157.92 | 8.1% |
| 🤖 AI & Tech — 11.9% | |||||
| NVDA | AI Chips | ×1 | $231.92 | $231.92 | 11.9% |
| ₿ Crypto Treasury — 9.0% | |||||
| MSTR | Bitcoin Treasury | ×1 | $176.02 | $176.02 | 9.0% |
| 🌏 Emerging Markets — 15.6% | |||||
| EWW | Mexico ETF | ×2 | $79.83 | $159.66 | 8.2% |
| INDA | India ETF | ×3 | $48.17 | $144.51 | 7.4% |
| 📊 Bonds & Rates — 7.1% | |||||
| TMF | 3x Long Bonds | ×4 | $34.53 | $138.12 | 7.1% |
| TOTAL UNIT VALUE | $1,953 | 100% | |||
| Entry: $1,920 on Jan 22, 2026 | Current: $1,953 | Since entry: +1.7% | |||||
Value/unit = shares × price. Weights at today's open prices.
Monthly Track Record
| Yr | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 19 | +7.6 | +0.9 | +2.5 | +0.2 | -0.8 | +5.5 | +1.5 | +3.6 | -1.6 | +1.3 | +1.1 | +1.5 | 25.3% |
| 20 | +2.5 | -3.0 | -6.2 | -0.7 | +1.1 | +0.8 | +8.2 | +9.1 | -11.4 | -3.3 | +0.1 | +7.3 | 4.1% |
| 21 | +4.7 | +1.3 | -7.9 | +10.6 | -4.4 | +9.7 | -5.1 | +4.0 | -4.3 | +19.8 | +0.5 | +1.7 | 25.8% |
| 22 | +1.5 | -6.2 | +1.7 | -6.2 | -1.2 | -18.7 | +13.7 | +1.7 | -22.0 | +31.0 | +11.6 | +1.8 | -25.8% |
| 23 | +12.3 | -12.4 | +9.8 | -1.8 | -13.9 | +13.2 | +0.2 | -4.4 | -10.8 | +0.7 | +13.2 | +14.0 | 14.7% |
| 24 | +1.4 | +14.1 | +9.3 | +5.1 | +8.8 | -8.3 | +1.1 | -3.3 | +4.5 | -0.7 | +15.0 | -10.1 | 39.0% |
| 25 | +5.8 | -2.5 | -4.3 | +1.8 | +4.9 | +5.0 | +4.0 | -1.4 | +5.7 | +0.1 | -8.7 | -2.1 | 7.4% |
| 26 | +3% | -3% | -8% | +10.0% | +0.1%▲ | — | — | — | — | — | — | — | YTD |
▲ Current month through today. YTD from Jan 22, 2026 entry.
📊 Market Narrative — Thursday, May 14, 2026
Safe Growth dipped -0.2% today to $1,952.76 per unit, a modest pullback against a mixed tape that saw tech winners surge while our uranium and crypto-linked names gave back gains. We're up +1.7% since our January 22nd entry, with May MTD at +0.1%, and today's action reflects healthy sector rotation rather than any fundamental deterioration. The broader market tilted bullish with S&P futures pointing toward 5,800, but headline noise around Iran, hot inflation data, and OPEC's demand warnings created crosscurrents that clipped our more volatile holdings.
The big story driving our winners: the US-China trade truce and Jensen Huang's Beijing trip this week — the prospect of unlocking H20 chip sales into China ahead of NVDA's Q1 FY27 earnings (~May 28) is firing up the AI complex. Our NVDA jumped +2.7% to $231.92 on that trade optimism, while ETN held +0.4% to $408.39 — infrastructure and power demand serving as the steady backbone of the portfolio. Analyst consensus on NVDA sits at a $273 average price target, suggesting significant runway remains. This AI chip momentum is real, and our semiconductor exposure is paying off.
The drag came from uranium and nuclear names despite fundamentally bullish news. URA shed -1.3% to $52.64, likely profit-taking after recent uranium momentum and DOE's $2.7B nuclear grant program. The thesis remains intact — UBS cites a 30 million pound supply deficit — but short-term traders are rotating into AI momentum plays. Meanwhile, NUGT dropped -4.2% as gold pulled back on easing Middle East tensions following overnight US-Iran talks in Doha, where Iran conceded to a 20% uranium enrichment cap. This de-escalation also explains why XLE managed only +0.7% despite OPEC headlines warning of 30%+ Hormuz-related production impacts.
Our bond hedge TMF gained +1.4% to $34.53 as Fed speakers Daly and Waller reinforced the "steady into Q3" narrative. The 10-year yield ticked down 2bps to 4.32%, and June/July cut probabilities held at 65%. This is exactly the soft-landing environment TMF was positioned for — rate-sensitive assets catch a bid while we wait for clearer easing signals in Q4.
Key Watch for the Rest of Today: Monitor Fed speakers Daly (9:30 ET) and Waller (11:00 ET) for any hawkish surprises that could reverse TMF gains. Watch Bitcoin — currently at ~$79.5K and pushing toward $80K resistance. A breakout could lift MSTR tomorrow. Keep eyes on Brent crude; if it breaks above $83 resistance, XLE has room to run despite Iran de-escalation headlines.
Our Stance: Hold all positions. Today's -0.2% is noise within a constructive tape. The AI chip thesis is accelerating, uranium weakness is technical not fundamental, and our diversification across sectors is working exactly as designed. No action required — we stay the course.
AI Research: Claude Opus + Perplexity live intel | Rating: A+ | Thursday, May 14, 2026
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This is not financial advice. Past performance does not guarantee future results.