Portfolio Update 03/15/2026 - Middle East Oil Shock 🛢️

It’s been a rough stretch — for my portfolio and, frankly, for the world.

Since the last update, the portfolio slipped -3.3%, modestly underperforming SPY’s -2.9% over the same period.

On the composition front, I made some notable changes. Two spells got retired — SVIX 4TLT and Jackal’s Mean Reversion + BND vs. SH Canary — both of which had been showing signs of degradation recently. In their place, I introduced a new volatility spell called Volatility Long/Short. The historical backtest on this one is genuinely exciting, though the track record is too short to be trustworthy. Time will tell whether this swap ages like wine or like milk.

On a more serious note — I sincerely hope the conflict in the Middle East finds resolution soon, first and foremost for the people caught in it. And yes, selfishly, for our portfolios too. 🕊️