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 | $1,963 | +0.4% | +10.7% |
| 2026-05-15 ◀ Today | $1,949 | -0.2% | +9.9% |
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 | $408.12 | -0.1% | +21.3% | 20.9% | STRONG HOLD ✅ |
| NVDA | AI Chips | $229.86 | -0.9% | +29.1% | 11.8% | STRONG HOLD ✅ |
| NUGT | 3x Gold Miners | $191.46 | -0.5% | -26.7% | 9.8% | HOLD ✅ |
| MSTR | Bitcoin | $186.99 | +6.2% | +16.7% | 9.6% | HOLD ✅ |
| XLE | Energy/Oil | $58.09 | +0.1% | +22.8% | 8.9% | HOLD ✅ |
| PPA | Defense ETF | $169.54 | -0.1% | -4.1% | 8.7% | STRONG HOLD ✅ |
| URA | Uranium ETF | $52.52 | -0.2% | -3.0% | 8.1% | HOLD ✅ |
| EWW | Mexico ETF | $77.89 | -2.4% | +4.4% | 8.0% | HOLD ✅ |
| INDA | India ETF | $48.07 | -0.2% | -7.1% | 7.4% | STRONG HOLD ✅ |
| TMF | 3x Long Bonds | $32.90 | -4.7% | -9.1% | 6.8% | 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 & Commodities26.8%
- AI & Tech11.8%
- Crypto Treasury9.6%
- Emerging Markets15.4%
- Bonds & Rates6.8%
| Ticker | Sector | Shares | Price | $/Unit | Weight |
|---|---|---|---|---|---|
| 🏗️ Infrastructure & Defense — 29.6% | |||||
| ETN | Infrastructure | ×1 | $408.12 | $408.12 | 20.9% |
| PPA | Defense ETF | ×1 | $169.54 | $169.54 | 8.7% |
| ⚡ Energy & Commodities — 26.8% | |||||
| NUGT | 3x Gold Miners | ×1 | $191.46 | $191.46 | 9.8% |
| XLE | Energy/Oil | ×3 | $58.09 | $174.27 | 8.9% |
| URA | Uranium ETF | ×3 | $52.52 | $157.56 | 8.1% |
| 🤖 AI & Tech — 11.8% | |||||
| NVDA | AI Chips | ×1 | $229.86 | $229.86 | 11.8% |
| ₿ Crypto Treasury — 9.6% | |||||
| MSTR | Bitcoin Treasury | ×1 | $186.99 | $186.99 | 9.6% |
| 🌏 Emerging Markets — 15.4% | |||||
| EWW | Mexico ETF | ×2 | $77.89 | $155.78 | 8.0% |
| INDA | India ETF | ×3 | $48.07 | $144.21 | 7.4% |
| 📊 Bonds & Rates — 6.8% | |||||
| TMF | 3x Long Bonds | ×4 | $32.90 | $131.60 | 6.8% |
| TOTAL UNIT VALUE | $1,949 | 100% | |||
| Entry: $1,920 on Jan 22, 2026 | Current: $1,949 | Since entry: +1.5% | |||||
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 — Friday, May 15, 2026
Safe Growth dipped -0.2% today, holding our unit value at a solid $1,949 and clipping our May MTD to -0.1%. The portfolio closed a productive week as a sharp spike in Treasury yields — the 10-year hit 4.54%, up nearly 8bps — triggered broad selling in rate-sensitive names and emerging markets. The culprit is the same Middle East conflict risk that's been smoldering: escalating tensions are feeding an inflation premium into energy prices (Brent crossing $108) that markets are now pricing as a potential Fed policy problem. Treasuries sold off hard, and our bond hedge absorbed the blow.
The headline drag today was TMF, down -4.7% to $32.90 — the yield surge punished our 3x long-bond position exactly as designed when rates spike. This is the cost of carrying a diversified hedge in a risk-off day driven by inflation rather than growth fears. The 10-year pushing toward 4.54% also raises the stakes for next week's Fed communication; markets are now beginning to price in the possibility of a rate hike by year-end if the Middle East drives persistent energy-price inflation. EWW also fell -2.4% to $77.89 as the stronger dollar and risk-off tone pressured the Mexican peso — this is a macro headwind, not a Mexico-specific story, and the thesis remains intact.
The clear winner today: MSTR surged +6.2% to $186.99 as Bitcoin pushed through the $80K resistance level that we flagged yesterday as the key watch level. Bitcoin's institutional bid is accelerating, and MSTR's treasury strategy continues to amplify those gains. This is exactly why we carry crypto exposure in Safe Growth — it provides a return stream uncorrelated with the bond and rate dynamics that pressured everything else today. XLE added +0.1% to $58.09, and with Brent at $108 and Middle East risk elevated, energy remains a live catalyst that could move meaningfully higher over the weekend.
Cisco reported a blowout quarter after Thursday's close — record revenue, decisive EPS beat — validating the AI infrastructure buildout thesis that underpins our entire positioning. Our ETN held -0.1% at $408.12 despite the broad market weakness; power infrastructure and grid-edge demand aren't going anywhere regardless of rate moves. On the chip side, NVDA slipped -0.9% to $229.86 on today's risk-off rotation, but an important development emerged: the U.S. cleared H200 chip sales to 10 Chinese firms overnight. If that policy thaw widens, it could unlock billions in NVDA revenue — a catalyst worth watching closely into next week.
Looking Ahead: With gold at $4,574 (+2.2% today) and crude above $108, our commodity and gold-miner positions in NUGT and URA are positioned for the scenario where Middle East tensions escalate further. This weekend's geopolitical developments could set up a significant Monday move in those names. On TMF — if yields stabilize and Fed speakers walk back rate-hike chatter next week, our bond position has room to recover sharply. Bitcoin's clean break above $80K is a bullish setup for MSTR heading into next week. Also — as some of our stronger positions continue to build gains, we're watching the portfolio closely. Next week we may look to take some profits on our bigger winners to lock in returns and rebalance. Stay alert — we'll have details if and when we move.
Our Stance: Hold all positions. Today's -0.2% is a yield-driven, macro-driven pullback — the portfolio's diversification is working exactly as designed. MSTR is thriving, infrastructure is holding, energy is positioned for upside, and even the TMF hit is doing its job as a volatility hedge. Enjoy the weekend. We'll be watching closely.
AI Research: Claude Sonnet + Live Market Intel | Rating: A+ | Friday, May 15, 2026
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This is not financial advice. Past performance does not guarantee future results.