October 1, 2026 · Portfolio 3 (ETF Macro)
The first thing most of you are going to do is scroll straight past this, look at the table, see 41% in a Treasury bill fund, and wonder whether I ran out of ideas. Fair enough. I’d wonder the same thing. So let me put the answer above the table instead of underneath it. The cash is deliberate, and it’s the most important thing in the book today.
I took Portfolio 3 all the way down to cash and started over. Eleven lines, all long, no options anywhere in it, every one of them bought on October 1. I’m not doing this one trade by trade. Eleven separate write-ups would be unreadable and you’d get less out of them than you’ll get out of one table.
Where the money is
Weights and entry prices. That’s the whole book.
