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 | $1,853 | +1.6% | -5.0% |
| 2026-05-21 ◀ Today | $1,847 | +0.8% | -5.3% |
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 | $382.52 | +0.1% | +13.7% | 20.7% | STRONG HOLD ✅ |
| NVDA | AI Chips | $224.40 | +1.0% | +26.0% | 12.1% | STRONG HOLD ✅ |
| XLE | Energy/Oil | $59.92 | -0.1% | +26.7% | 9.7% | HOLD ✅ |
| PPA | Defense ETF | $167.26 | +0.0% | -5.4% | 9.0% | STRONG HOLD ✅ |
| MSTR | Bitcoin | $165.30 | +0.2% | +3.2% | 8.9% | HOLD ✅ |
| NUGT | 3x Gold Miners | $156.44 | -0.2% | -40.1% | 8.5% | HOLD ✅ |
| EWW | Mexico ETF | $77.66 | 0.0% | +4.1% | 8.4% | HOLD ✅ |
| URA | Uranium ETF | $48.31 | -0.2% | -10.7% | 7.8% | HOLD ✅ |
| INDA | India ETF | $47.61 | -0.0% | -8.0% | 7.7% | STRONG HOLD ✅ |
| TMF | 3x Long Bonds | $32.44 | -0.3% | -10.4% | 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 & Defense29.7%
- Energy & Commodities26.0%
- AI & Tech12.1%
- Crypto Treasury8.9%
- Emerging Markets16.1%
- Bonds & Rates7.0%
| Ticker | Sector | Shares | Price | $/Unit | Weight |
|---|---|---|---|---|---|
| 🏗️ Infrastructure & Defense — 29.7% | |||||
| ETN | Infrastructure | ×1 | $382.52 | $382.52 | 20.7% |
| PPA | Defense ETF | ×1 | $167.26 | $167.26 | 9.0% |
| ⚡ Energy & Commodities — 26.0% | |||||
| NUGT | 3x Gold Miners | ×1 | $156.44 | $156.44 | 8.5% |
| XLE | Energy/Oil | ×3 | $59.92 | $179.76 | 9.7% |
| URA | Uranium ETF | ×3 | $48.31 | $144.93 | 7.8% |
| 🤖 AI & Tech — 12.1% | |||||
| NVDA | AI Chips | ×1 | $224.40 | $224.40 | 12.1% |
| ₿ Crypto Treasury — 8.9% | |||||
| MSTR | Bitcoin Treasury | ×1 | $165.30 | $165.30 | 8.9% |
| 🌏 Emerging Markets — 16.1% | |||||
| EWW | Mexico ETF | ×2 | $77.66 | $155.32 | 8.4% |
| INDA | India ETF | ×3 | $47.61 | $142.83 | 7.7% |
| 📊 Bonds & Rates — 7.0% | |||||
| TMF | 3x Long Bonds | ×4 | $32.44 | $129.76 | 7.0% |
| TOTAL UNIT VALUE | $1,849 | 100% | |||
| Entry: $1,920 on Jan 22, 2026 | Current: $1,849 | Since entry: -3.7% | |||||
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% | -5.2%▲ | — | — | — | — | — | — | — | YTD |
▲ Current month through today. YTD from Jan 22, 2026 entry.
Safe Growth slipped to $1,847 today, a roughly -0.3% session that pulls our May MTD to -5.3% and our since-entry figure to -3.8%. The internals are mixed rather than directional: industrials and energy held the line, while precious metals, rates, and EM exposure all gave ground. This is not a thesis-breaking tape — it's a portfolio absorbing several uncorrelated drags at once.
The signal worth dwelling on is NVDA at $223.95, +0.2%. A flat tape the morning after earnings is its own form of message — the market had room to punish a soft print and chose not to. We treat that as a constructive non-event: the AI capex story survives the quarter, which keeps the broader industrial-electrification thread intact. That's the read-through we care about, because it props up the same demand curve ETN (+0.7%) sits on, and ETN was today's quiet leader.
The drags are clustered in the rate-sensitive and reflation buckets. TMF at $32.48 (-1.1%) is telling us the long end isn't done repricing — the bond proxy has now leaked on three of the last four sessions. NUGT (-2.8%) handed back a chunk of yesterday's miner bid, which usually tracks a firmer dollar and a calmer geopolitical mood. EWW (-1.1%) and INDA (-0.8%) moving together points to a broad EM beta soft patch rather than anything country-specific — peso and rupee both trading on the same dollar tape.
One nuance on PPA (-0.8%): defense and aerospace cooling for a session after a strong run is normal rotation, not a regime change in the geopolitical premium. XLE (+0.3%) and URA (+0.5%) ticking higher in the same session as a softer gold tape suggests energy is being bid on demand expectations rather than as a haven — that's a healthier mix for the portfolio than the alternative.
What to watch into tomorrow: the 10-year auction calendar and any follow-through commentary on NVDA's data-center guide — both feed directly into our industrial and rates exposure. Our stance: hold. The -5.3% May print is uncomfortable, but the drawdown is being driven by macro variables that the portfolio was deliberately constructed to ride through, not avoid. Nothing is investment advice.
AI Research: Claude Opus + Perplexity live intel | Rating: ? | Thursday, May 21, 2026
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This is not financial advice. Past performance does not guarantee future results.