Nine Weeks Up, Watch the Bonds — TonyR + TonyB's Weekend Portfolio Commentary

This is how the two of us — TonyR and TonyB — are actually thinking about the portfolios right now.

This is the portfolio-focused companion to today’s broader weekend market update. Same week, different angle.

In the market update, we covered the macro — nine straight up weeks, record highs across the board, AI leadership intact, oil easing, yields finally giving the market some relief.

This one is different. This is how the two of us — TonyR and TonyB — are actually thinking about the portfolios right now. Two perspectives on the same tape. Where they converge tells you the high-conviction read. Where they diverge tells you the texture worth paying attention to.