Darwin Portfolio Review: 14 November 2025

Orchid at Botanic Gardens, Singapore

It was a fairly uneventful week in the US equity markets with the SPX (S&P 500 Index) still in a consolidation mode in the 6600-6900 zone and closing essentially unchanged on the week:

Compared to other major asset classes, this was about average

with Gold (IAU) leading the way and Bonds and Crypto showing weakness.

I did not make any adjustments during the week but picked up a few $’s from dividends on T-Bills that I use when holding “Cash”:

There is still no significant change in rankings and recommendations:

and I have not added the benchmark AOA fund to the holdings since it is still not showing signs of strength.

I continue to work on the new algorithm but it is difficult to find something that does not require significant adjustments if one wishes to be closer to 100% invested.