The Week Ahead 5/31/26
Hello All,
I hope you’re all enjoying the weekend and getting some time away from the screens & wishing you all a successful remainder of ‘26.
Jumping straight into it, looking back at this past week, it was mostly characterized by the positive progression in talks between the U.S. & Iran as we inched closer and closer to a deal between the two, ultimately leading to an “everything rally” as bond volatility continued to ease given the general unwind in Crude to the downside.
That said, of the indices, the Q’s were the best performing of the group, closing higher by just under 300bps, whereas the Dow was the “worst” performing of the group, yet still closed higher by just under 100bps on the week as the historic rally across the board to fresh new highs continued.
- Economic Data for the Coming Week:
In regard to economic data heading into the upcoming week, excluding geopolitics, the calendar is largely scattered with a variety of labor market datapoints, with Friday’s NFP report being the most important release of the week but outside of that, there’s just a broad mix of jobs-related and economic data sprinkled throughout the week.
- STD Channels on Indices for Perspective: Weekly TF
- SPY
- QQQ
- IWM
- DJIA
Since starting this Substack back in June of ‘23, between individual names / tactical trades / baskets, we have netted a 199.86% return whilst in the same period, the Q’s have returned 109.79% / Spooz has returned 81.53% / Dow has returned 58.67% & Small-caps have returned 66.07%, so nice outperformance against all the indices whilst having a 82% win rate, averaging a 29.44% return on realized gains / winners & a 15.73% loss on realized losses / losers.
Looking forward to the future & continued success through ‘26.
And for anyone who wants to follow an actively managed portfolio in real time:
I’ve joined Plutus as the cleanest, day-to-day way to track an actively managed portfolio in real time. It’s a live dashboard that’s broader, more diversified, actively managed by me, & updated continuously.
The Eliant Flagship is published on RunPlutus.
Once your Plutus account is approved, you’ll have the option to allocate right away. If you do, it’s straightforward: create an account, link your brokerage (Available only for IBKR at this time), & select the Eliant Flagship (or any of the baskets I’ve built). Your money stays in your account, and trades, position changes, and rebalances are replicated automatically so there’s nothing manual to manage. The idea is to make it easier to access an actively managed portfolio run by me without the overhead of traditional fund structures or high minimums, whilst you keep full custody of your assets & I stay focused on research, positioning, and portfolio construction.
And just to be clear, NOTHING is changing with Substack. It’ll stay exactly what it’s always been since we originally launched in the Summer of ‘23: where I share the thinking, research, & select trades behind my personal PA, along with ongoing commentary across all markets.
Earlier in 2024, we launched a series titled Educational Pieces, covering a wide range of topics, many of which were suggested directly by you all (4-Part Series).
For those who may have missed the first installment, it covered topics including:
General background / knowledge on all option strategies
In-depth talk on risk / reversals & how to go about expressing / utilizing them
Options Structuring
When to used naked calls / puts vs. spreads
Choosing expiration dates
Identifying key pivots / supports / resistance zones
General briefing on stock gaps
What to look for in regards to fundamentals
Implementing fundamental / macro / technicals into a trade
Hedging
Creating risk/reward setups
Taking profits / managing losses
Overall Process
Book recommendations
A link to the original Educational Piece can be found here .
Given the positive feedback and how useful many of you found the first installment, we followed up with Educational Piece: Part Deux earlier in 2025 & for those who may have missed, a link to the piece can be found here & we then went on to release Educational Piece: Part Trois which can be found here.
And finally, the most recent installment, Educational Piece: Part Quatre, can be found here.
‘Risk management is the silent prerequisite for compounding & true wealth is built not by chasing the highest returns but by ensuring the survival necessary to realize them.’
Before we jump into the week ahead, looking back at this past week, after the brief dip in Tech & general Momentum names the week prior, the group was snapped right back higher as in regard to overall factor performance on the week, Momentum along with Growth were among the best performing groups, whereas Low Volatility & High Yield were among the worst performing groups.
And in regard to the specific factors and or ‘baskets’ we’ve built on Plutus, here are the best performers year-to-date:
1. Industrial and Auto Analog Recovery
2. Rebuilding U.S. Industrial Sovereignty
Whereas on the flip side, the worst performing baskets year-to-date have been:
Moving along, despite the indices having made fresh all-time highs across the board this past week, in the shorter term, overall conditions are still generally neutral as just 54% of stocks remain above the 20D, which again, more so emphasizes the lack of overall upside participation, but this past week, that did start to improve given the ‘everything rally’ that took place.
And on a broader timeframe, the same can be said too as just 58% of stocks remain above the 50D, which still isn’t necessarily signaling overbought conditions either and instead remains a much more neutral reading, which ultimately just further emphasizes that the most recent leg of this rally has been considerably narrower in respect to overall upside participation, although it has finally started to broaden out.
All things being said, despite the major indices having closed out this past week at fresh all-time highs as the record run off the late March lows continues, it’s been impressive to see the Fear-Greed Index remain relatively muted and even slowly inch back toward ‘Neutral,’ which more so emphasizes that markets still remain far away from true ‘euphoria’ or the type of positioning extremes typically associated with major tops.
Historical context of the Fear-Greed Index overlaid with the S&P:
