Darwin 2026 Portfolio Review: 14 August 2026

Rhine River at Rudersheim, Germany

It was another bullish week in the US Equity markets with the SPX (S&P 500 Index) again hitting new all-time highs:

Despite the 3-month sideways consolidation through May-July (Sell in May and go away ….) we are still clearly in an uptrending market with higher lows and higher highs.

Relative to other major asset classes:

US Equities landed in the middle of the pack being outperformed primarily by Commodities (DJP/Oil and IAU/Gold) and International Equities (EEM and SCHF). Bonds were the weakest asset class with negative returns.

The situation in the Darwin Portfolio, with the current analysis sheet looking like this:

is that I am holding 2 of the 3 equity class ETFs (SPYM and SCHF) together with Gold (IAU) and Commodities (DJP). Last week I explained why I would keep DJP in the portfolio unless it dropped below $46.65 (a 5% retracement from the high) and this has paid off with DJP presently pushing towards ~$49 that would take out the prior July high.

The trade sheet looks like this:

with VNQ (US Real Estate) being sold out at a small loss to make way for the equity holdings.

The impact this had on performance looks like this:

with returns matching the benchmark after missing the equity breakout last week.

I continue to watch the analysis sheet in conjunction with the price charts.