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% | -2.0% |
| 2026-05-05 | $1,902 | -0.5% | -2.5% |
| 2026-05-06 | $1,968 | +3.4% | +0.9% |
| 2026-05-07 | $1,926 | -2.1% | -1.2% |
| 2026-05-08 | $1,950 | +1.2% | -0.0% |
| 2026-05-11 | $1,999 | +2.5% | +2.5% |
| 2026-05-12 | $1,957 | -2.1% | +0.3% |
| 2026-05-13 | $1,955 | -0.1% | +0.2% |
| 2026-05-14 | $1,963 | +0.4% | +0.7% |
| 2026-05-15 | $1,888 | -3.8% | -3.2% |
| 2026-05-18 | $1,858 | -1.6% | -4.7% |
| 2026-05-19 | $1,823 | -1.9% | -6.5% |
| 2026-05-20 ◀ Today | $1,832 | +0.5% | -6.0% |
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 | $373.09 | +0.3% | +10.9% | 20.4% | STRONG HOLD ✅ |
| NVDA | AI Chips | $222.08 | +0.7% | +24.7% | 12.1% | STRONG HOLD ✅ |
| XLE | Energy/Oil | $61.42 | +0.2% | +29.9% | 10.1% | HOLD ✅ |
| PPA | Defense ETF | $166.37 | +0.8% | -5.9% | 9.1% | STRONG HOLD ✅ |
| MSTR | Bitcoin | $165.49 | +0.5% | +3.3% | 9.0% | HOLD ✅ |
| EWW | Mexico ETF | $77.79 | +0.3% | +4.3% | 8.5% | HOLD ✅ |
| NUGT | 3x Gold Miners | $153.11 | +1.3% | -41.4% | 8.4% | HOLD ✅ |
| INDA | India ETF | $47.47 | +0.4% | -8.2% | 7.8% | STRONG HOLD ✅ |
| URA | Uranium ETF | $47.33 | +0.3% | -12.5% | 7.7% | HOLD ✅ |
| TMF | 3x Long Bonds | $32.03 | +0.6% | -11.5% | 7.0% | WATCH 👀 |
Today = vs prev close. Since Entry = vs Jan 22, 2026. Weight = % of unit. ● = category. Prices via Finnhub.
Portfolio Allocation by Category
- Infrastructure & Defense29.4%
- Energy & Commodities26.2%
- AI & Tech12.1%
- Crypto Treasury9.0%
- Emerging Markets16.3%
- Bonds & Rates7.0%
| Ticker | Sector | Shares | Price | $/Unit | Weight |
|---|---|---|---|---|---|
| 🏗️ Infrastructure & Defense — 29.4% | |||||
| ETN | Infrastructure | ×1 | $373.09 | $373.09 | 20.4% |
| PPA | Defense ETF | ×1 | $166.37 | $166.37 | 9.1% |
| ⚡ Energy & Commodities — 26.2% | |||||
| NUGT | 3x Gold Miners | ×1 | $153.11 | $153.11 | 8.4% |
| XLE | Energy/Oil | ×3 | $61.42 | $184.26 | 10.1% |
| URA | Uranium ETF | ×3 | $47.33 | $141.99 | 7.7% |
| 🤖 AI & Tech — 12.1% | |||||
| NVDA | AI Chips | ×1 | $222.08 | $222.08 | 12.1% |
| ₿ Crypto Treasury — 9.0% | |||||
| MSTR | Bitcoin Treasury | ×1 | $165.49 | $165.49 | 9.0% |
| 🌏 Emerging Markets — 16.3% | |||||
| EWW | Mexico ETF | ×2 | $77.79 | $155.58 | 8.5% |
| INDA | India ETF | ×3 | $47.47 | $142.41 | 7.8% |
| 📊 Bonds & Rates — 7.0% | |||||
| TMF | 3x Long Bonds | ×4 | $32.03 | $128.12 | 7.0% |
| TOTAL UNIT VALUE | $1,832 | 100% | |||
| Entry: $1,920 on Jan 22, 2026 | Current: $1,832 | Since entry: -4.6% | |||||
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% | -6.0%▲ | — | — | — | — | — | — | — | YTD |
▲ Current month through today. YTD from Jan 22, 2026 entry.
📊 Market Narrative — Wednesday, May 20, 2026
The Safe Growth portfolio is posting a solid +0.5% session today, lifting our unit value to $1,832.50 — though we remain -4.6% from our January 22nd entry. Every position is green across the board — a welcome sight given the cross-currents in play. Gold miners are leading via NUGT at +1.3%, while defense and aerospace exposure through PPA (+0.8%) continues to capture the geopolitical bid. The broad-based strength reflects a market that's cautiously optimistic ahead of tonight's marquee event: Nvidia earnings after the bell.
All eyes are on NVDA, currently trading at $222.08 (+0.7%). This is a "guidance matters more than the beat" setup — the Street already expects strong numbers, so the real question is whether management signals continued acceleration in AI infrastructure spend or hints at demand normalization. Our scenario framework: a strong guide could push the stock +4% to +8%, while cautious forward commentary risks a -2% to -5% pullback. The Blackstone-Google joint venture announced Monday to build out TPU cloud infrastructure reinforces that hyperscaler capex remains robust, which should provide a favorable backdrop for Nvidia's commentary on datacenter demand.
The other major force shaping today's tape is the Treasury market. The 30-year yield briefly touched 5.19% — its highest level since 2007 — before easing as sellers took a breather. This matters directly for TMF, our 3x leveraged long-bond position at $32.03. Today's +0.6% move is actually encouraging: on a day when risk assets are rallying and yields remain elevated, TMF holding firm suggests the worst of the duration selloff may be stabilizing. Meanwhile, XLE (+0.2%) continues to benefit from Strait of Hormuz supply-risk premiums embedded in crude, though energy's gains are more muted today as traders await clarity on whether the disruption extends or resolves.
Key Watch for the Rest of Today: (1) Nvidia's 4:20 PM ET earnings call — specifically gross margin guidance and any commentary on China export dynamics; (2) Any Fed speaker headlines that shift rate expectations, given the 30-year yield's proximity to multi-decade highs; (3) Crude oil's close — a sustained move above $85 WTI would amplify the inflation-anxiety trade and pressure rate-sensitive names while boosting XLE further.
Our Stance: Hold all positions. The portfolio is well-positioned for tonight's binary event — NVDA gives us direct AI exposure, while NUGT, TMF, and XLE provide diversified hedges against the range of outcomes. We're not chasing ahead of earnings, nor are we trimming into strength. If Nvidia delivers a clean beat-and-raise, we'll reassess whether to add on any post-earnings consolidation. For now, we stay the course and let the positioning work.
AI Research: Claude Opus + Perplexity live intel | Rating: A+ | Wednesday, May 20, 2026
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This is not financial advice. Past performance does not guarantee future results.