Portfolio Report--Monday, June 1, 2026
Today is a turning point. Alexei now runs the IT side of the database and the publishing system. That frees me up. I am moving from 5% analysis and 95% admin to 98% analysis and 2% admin. My job now is the work that matters to you: the research and the decisions. I started five portfolios on January 2. I closed all but P4 in early February. On February 27, I went fully to cash. I did not want to trade into a war I could not watch closely. The war started the next day. Prices fell hard into mid-April. Then Q1 earnings came in strong and the bull phase returned. I restarted P3 Durable Growth on May 1. It closed May up about 9% for the month. This month I bring back the rest. Each portfolio carries on from where I left it. Today I focus on P5. It was my worst performer, so it earns the closest look. I will show what it did, what it taught me, and how I am rebuilding it. I will also introduce a new portfolio, P6.