Darwin 2026 Portfolio Review: 16 January 2026

Orchids, Botanic Gardens, Singapore

Over the past week, US Equity markets continued to consolidate in a narrow range around the ~6950 level in the SPX (S&P 500 Index), closing ~0.3% lower than last week’s close despite hitting new all-time highs on Tuesday and trading above average volumes:

Compared to other major asset classes this was the weakest performance of the group:

with Real Estate and Gold/Commodities leading the way.

As noted in the comments section of last week’s post (https://itawealth.com/darwin-2026-portfolio-review-9-january-2026/ ) I sold holdings in TLT and SPYM earlier in the week (13 and 14 January) as the analysis sheet was showing Sell recommendations:

On Friday I decided to rebalance the portfolio to equal allocations in the five assets held in the portfolio:

such that the trade sheet looks like this:

with a little over $20,000 invested in each ETF and leaving only ~$100 in Cash:

Performance compared to that of the benchmark AOA fund is still favorable.

We’ll have to wait to see what happens when more volatility (risk) creeps into the markets.