Darwin 2026 Portfolio Review: 31 July 2026

Bronte Harbour, Oakville, Ontario, Canada

US Equity markets remain in the sideways consolidation channel that they have been in for the past 3 months – between 7300 and 7600 in the SPX (S&P 500 Index):

This is not a good scenario for momentum trading since it can result in a lot of whipsaw trades – so I am being cautious and looking for a clear breakout of this channel before making adjustments.

Most other major asset classes are showing similar ambivalence, albeit with a little more volatility.

A comparison of the performance of major asset classes over the past week:

shows that equity markets have led the way with gains of a little over 1%. Commodities (primarily Oil) cooled off a little after leading the market through most of this year.

The analysis sheet for the Darwin Portfolio currently looks like this:

with the only change being a Buy recommendation for SCHF (Developed Market Equities).

With the momentum/acceleration graphs looking like this:

with positive momentum and acceleration signals and supporting positive shorter term indicators (MACD and RSI) I will likely add shares of this ETF to the portfolio next week. I was going to add a position on Friday but SCHF was trading lower on the day so I will wait for a reversal before entering.

With the portfolio only ~40% invested in VNQ (US Real Estate) and DJP (Commodities) performance to date looks like this:

… still ahead of the benchmark AOA fund despite underperforming over the past week. Adding an equity position should provide a little more diversification and lower volatility.

The portfolio is showing a healthy 26% Internal Rate of Return (IRR) Year-To-Date with a comfortable 12% volatility.