What the models hold · Published every trading session
Established 2026Vol. I
One line a day. No opinions in it.
At half past three Eastern, before the close, you are told
what a systematic model holds and how much of your allocation is in it. That
is the entire product.
THE CLOSING MARK, SERIES IV
Session of 2026-08-24
Nasdaq 100 . 2x . LONG . 65%
Cash and equivalents . 35%
Vol. I, Issue 162. Published every trading session.
Begin at no cost
Series I is issued free every trading session, without expiry and without
a card. Read it for a year before deciding whether the rest is worth
anything to you.
Series I only. Every issue carries a one-click unsubscribe.
The four series
Series
Annualised
Deepest decline
Terms
Series IHigh yield credit 1x
4.654%
9.500%
Freein perpetuity
Series IIS&P 500 1x
6.775%
25.800%
$59the month
Series IIIS&P 500 1.5x
7.232%
20.400%
$79the month
Series IVNasdaq 100 2x
11.333%
26.900%
$129the month
All fourthe full ladder
7.166%
14.800%
$199the month
Hypothetical, backtested, 2007-2026
(2008-2026 for Series I). Not the record of any account. See
disclosures below.
Series IV earns the most of the four and falls the hardest, at
26.900%. Held together, the four fell
14.800% — because they do not fall at the same time. That
is the only honest reason a set is worth more than its best member, and it is
the reason the ladder exists at all.
This is for you if
You manage your own money and hold a brokerage account.
You have tried to time the market, and noticed the hard part was
never picking — it was knowing when you were wrong.