A review of proposed LEAF strategy enhancements, including replacing CTA with HFMF, removing low-volatility hedges, and improving rebalancing to increase returns and drawdown protection.

In this update we will update you on portfolio positioning and performance so far in 2026. Target Weightings as of May 15, 2026 It has been a volatile year for the NASDAQ while LEAF has kept close to its highs. LEAF's drawdown was -6.5% compared to -12.2% for the NASDAQ. YTD LEAF is +7.6% vs +15.7% for the NASDAQ. This is to be expected to underperform in such a dramatic 6 month run for stocks. At this pace the model is annualizing at 21.9% in 2026. We are confident with

Volatility has increased with the war on Iran. This allows the taking VIXM profits and TAIL profits.

Risk Off Positions Improve Drawdown Experience

Nice little run and a great day (February 23, 2026). All defensive exposures are up. LEAF is -0.25% vs QQQ -1.34%.

Drawdown comparison. Outside of the tariff tantrum, LEAF captured very little of the NASDAQ's downside.

There are sectors of the financial world that are currently wildly speculative and cause me concern. In my recent post on gold's advance in 2025, I expressed my thoughts on the factors contributing to the 60% rally. https://www.mortonir.com/post/gold-euphoria-speculation-or-a-store-of-value My concerns go further... Stablecoins (like Tether) also have significant elements of speculation. Tether is designed to track the U.S. dollar, but as a crypto token. Rather than living w

The intention of LEAF is to go down less in equity market corrections, and then rebound when markets rally.

More recently gold appears to be a "risk on" asset. Stock markets doing well... the logic appears to be buy gold. Crypto hitting new highs (so called digital gold), add gold as a side bet.

Leveraged ETF Allocation Formula October Update We continue to be pleased with the real time performance of the model. In October LEAF captured 62% of the NASDAQ's upside while experiencing less than half of the downside (during market corrections). October Performance QQQ was +4.8% LEAF was +3.0% QQQ had two significant drawdowns in October Oct 10 QQQ -3.6% LEAF -1.8% Oct 30 QQQ -1.5% LEAF -0.6% Trade Summary (CTA) Managed Futures was added to on Oct 1 and 27. All trades

ETFs that can hedge equity returns

(LEAF) Leveraged ETF Allocation Formula works to maximize returns through the control of risk

But Bitcoin isn’t the only investable asset with supply constraints. Several traditional investment opportunities also exhibit shrinking or stable supply characteristics that may similarly support valuation over time.

What a week! So much noise and panic. I thought it might be useful to flow chart possible outcomes. There may be no point in over...

Is it possible that stock markets are over reacting to current and threatened tariffs?

Early outperformance relative to the NASDAQ Index On February 21, 2025 the NASDAQ dropped 2.77%. LEAF strategy was flat on the day with...

Exponential Disruption

It's time for Canada to consider it's future. We live next door to a giant.

Tariff Wall joins a Border Wall...isn't the real issue currency misalignment

The strategy checked off the list of expected outcomes, plus quite a few unexpected hiccups.