Recent Performance — Last 10 Sessions
| Date | Unit Value | Daily | May Closed |
|---|---|---|---|
| 2026-05-21 | $1,849 | -0.2% | -5.2% |
| 2026-05-22 | $1,853 | +0.2% | -5.0% |
| 2026-05-26 | $1,886 | +1.8% | +6.4% |
| 2026-05-27 | $1,868 | -0.9% | +5.3% |
| 2026-05-28 | $1,717 | -8.1% | -3.1% |
| 2026-05-29 | $1,883 | +9.6% | +6.2% |
| 2026-05-30 | $1,883 | 0.0% | -3.5% |
| 2026-06-01 | $1,855 | -1.5% | -3.5% |
| 2026-06-02 | $1,892 | +2.0% | +6.7% |
| 2026-06-03 ◀ Today | $1,892 | +0.5% | -3.5% |
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 | $417.64 | +1.8% | +24.1% | 22.1% | STRONG HOLD ✅ |
| NVDA | AI Chips | $222.84 | -2.9% | +25.1% | 11.8% | STRONG HOLD ✅ |
| XLE | Energy/Oil | $57.98 | +0.6% | +22.6% | 9.2% | HOLD ✅ |
| PPA | Defense ETF | $172.99 | -0.1% | -2.1% | 9.1% | STRONG HOLD ✅ |
| NUGT | 3x Gold Miners | $165.02 | +3.3% | -36.8% | 8.7% | HOLD ✅ |
| URA | Uranium ETF | $53.44 | +3.4% | -1.3% | 8.5% | HOLD ✅ |
| EWW | Mexico ETF | $79.10 | -0.1% | +6.0% | 8.4% | HOLD ✅ |
| INDA | India ETF | $48.04 | -0.2% | -7.1% | 7.6% | STRONG HOLD ✅ |
| TMF | 3x Long Bonds | $35.23 | -0.4% | -2.7% | 7.4% | WATCH 👀 |
| MSTR | Bitcoin | $136.10 | -0.6% | -15.1% | 7.2% | HOLD ✅ |
Today = vs prev close. Since Entry = vs Jan 22, 2026. Weight = % of unit. ● = category. Prices via Finnhub.
Portfolio Allocation by Category
- Infrastructure & Defense31.2%
- Energy & Commodities26.4%
- AI & Tech11.8%
- Crypto Treasury7.2%
- Emerging Markets16.0%
- Bonds & Rates7.4%
| Ticker | Sector | Shares | Price | $/Unit | Weight |
|---|---|---|---|---|---|
| 🏗️ Infrastructure & Defense — 31.2% | |||||
| ETN | Infrastructure | ×1 | $417.64 | $417.64 | 22.1% |
| PPA | Defense ETF | ×1 | $172.99 | $172.99 | 9.1% |
| ⚡ Energy & Commodities — 26.4% | |||||
| NUGT | 3x Gold Miners | ×1 | $165.02 | $165.02 | 8.7% |
| XLE | Energy/Oil | ×3 | $57.98 | $173.94 | 9.2% |
| URA | Uranium ETF | ×3 | $53.44 | $160.32 | 8.5% |
| 🤖 AI & Tech — 11.8% | |||||
| NVDA | AI Chips | ×1 | $222.84 | $222.84 | 11.8% |
| ₿ Crypto Treasury — 7.2% | |||||
| MSTR | Bitcoin Treasury | ×1 | $136.10 | $136.10 | 7.2% |
| 🌏 Emerging Markets — 16.0% | |||||
| EWW | Mexico ETF | ×2 | $79.10 | $158.20 | 8.4% |
| INDA | India ETF | ×3 | $48.04 | $144.12 | 7.6% |
| 📊 Bonds & Rates — 7.4% | |||||
| TMF | 3x Long Bonds | ×4 | $35.23 | $140.92 | 7.4% |
| TOTAL UNIT VALUE | $1,892 | 100% | |||
| Entry: $1,920 on Jan 22, 2026 | Current: $1,892 | 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% | -3.5% | +0.5%▲ | — | — | — | — | — | — | -1.5% |
▲ Current month through today. YTD from Jan 22, 2026 entry.
📊 Market Narrative — Wednesday, June 3, 2026
The Safe Growth portfolio is up +0.5% today, pushing our cumulative return since January 22 to +6.7%. The unit price stands at $1,892.09, with broad-based strength across energy, uranium, and industrials offsetting weakness in our crypto and semiconductor exposure. Today's session is a textbook example of healthy rotation — risk assets are being selective, not reckless, and our diversified positioning is capturing the upside where it's materializing.
The biggest story driving our book today is the uranium complex ripping higher, with URA surging +5.7% to $53.44. The catalyst is straightforward: headlines around Eurozone inflation hitting 3.2% — driven partly by Iran-related energy cost pressures — are reinforcing the structural case for nuclear as dispatchable, inflation-resistant baseload power. The AI-power demand narrative continues to build, and URA is catching a bid as investors position for what looks like a multi-year capex cycle in nuclear infrastructure. This is exactly the kind of thematic tailwind we wanted exposure to.
On the industrial side, ETN is our standout performer at +4.4%, trading at $417.64. The name is benefiting from two converging forces: elevated geopolitical tension keeping defense-adjacent industrials bid, and the massive Alphabet announcement of an $80 billion equity raise for AI buildout (with Berkshire taking $10 billion). Eaton's electrical infrastructure business is a direct beneficiary of data center and grid investment — this is the "picks and shovels" trade for AI that doesn't carry semiconductor multiple risk. Meanwhile, XLE added +1.2% as the Iran overhang keeps an energy risk premium embedded in crude.
The drag today is MSTR, down a sharp -9.1% to $136.10. Bitcoin is under pressure as the 10-year yield holds at 4.43% — not elevated by recent standards, but enough to keep leveraged crypto proxies on the defensive. This is the cost of carrying high-beta exposure: when the tape rotates toward value and commodities, names like MSTR give back gains quickly. NVDA is also soft at -0.7%, though the modest decline reflects consolidation rather than any fundamental concern — AI semiconductor sentiment remains constructive following strong earnings from networking peers.
Key Watch for the Rest of Today: Monitor any escalation in US-Iran rhetoric — a hawkish headline could send XLE and PPA materially higher while pressuring growth multiples. Watch the 10-year yield: a move above 4.50% would likely extend pressure on MSTR and cap upside in NVDA. Finally, track whether the Alphabet capital raise triggers follow-on announcements from other hyperscalers — that would be bullish for ETN and the broader electrification theme.
Our Stance: Hold all positions. Today's rotation is healthy — we're seeing gains in the right places (uranium, energy, industrials) while our growth exposure takes a breather. The portfolio is doing exactly what it's designed to do: capture upside across multiple themes while managing drawdown risk through diversification. No action warranted; we continue to ride the thesis.
AI Research: Claude Opus + Perplexity live intel | Rating: A+ | Wednesday, June 3, 2026
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This is not financial advice. Past performance does not guarantee future results.