May 13, 2026
The two-year curls under four, the long end holds five, and the three sectors most often used as ballast carry zero weight into the release.
May 12, 2026
Crude rips back above one hundred, vol bids into the open, and the largest single sleeve in the cyclical lineup is the one no one asks about.
May 11, 2026
VIX up five percent into a flat open. The position that went the other way Friday is the quiet anchor on the AI capex bill.
May 10, 2026
Iran de-escalated, crude lost sixteen dollars, AMD ripped 20%, payrolls beat. Tech drifted from 14.4% to 15.5% inside the lineup, and the system did nothing.
May 8, 2026
Payrolls land at 8:30, the curve holds at +47 basis points, and the absent index inside the lineup is the Dow.
May 7, 2026
A quiet morning after yesterday's rip. Vol compresses to 17, crude extends the unwind, and the rate-sensitive half of the position gets a clean macro tailwind.
May 6, 2026
Iran de-escalation collapses oil 12%, AMD beats and rips 20%, and the lineup runs long the regime change across both sides.
May 5, 2026
A Maersk ship cleared the Strait of Hormuz under US Navy escort overnight. Yesterday's spike gives back, futures bounce, and the lineup is fully deployed across seven cyclical sectors into the reversal.
May 4, 2026
Oil is up nearly four percent on tanker news. Materials carries the quiet half of the capex bill.
