The Week Ahead 6/7/26
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, up until Friday, it was generally a quieter week before a VaR shock ended up taking place following the hotter-than-expected jobs report / shift in rate markets further pricing in hikes on Friday, which in turn caused a large unwind within Tech / Momentum & the ‘Growth’ factor in general, thus leading the Q’s to be the worst performer on the week, closing lower by 450bps, whereas the Dow was the ‘best’ performing of the indices, although it essentially closed flat on the week, lower by 21bps.
- Economic Data for the Coming Week:
In regard to economic data heading into the upcoming week, excluding geopolitics, the biggest event of the week is Wednesday’s CPI report along with PPI #'s on Thursday, but otherwise, it’s a quieter week on the economic data front.
- 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 188.67% return whilst in the same period, the Q’s have returned 100.34% / Spooz has returned 76.99% / Dow has returned 58.34% & Small-caps have returned 61.05%, so nice outperformance against all the indices whilst having a 82.0% win rate, averaging a 29.50% 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, as we highlighted earlier, but up until Friday, on the headline index level, it was generally a quieter week before we then ended up seeing a large decline in the ‘Momentum’ factor on Friday, which originally was higher by over 5% on the week before then closing lower by just under 50bps. Otherwise, throughout the week, both Growth & Momentum factor strength faded, and the week was more so characterized by a rotation into Value / Low-Volatility, which were the best-performing factors on the week.
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 being just off the highs following Friday’s VaR shock, the % of Stocks Above the 20D, interestingly enough, is starting to encroach back into oversold territory, with it currently sitting at 46%.
And similar can be said on a broader timeframe, although for now, the % of Stocks Above the 50D, currently sitting at 49%, is still signaling more neutral conditions.
That being said, we’re back to the phenomenon where the indices are just off the highs, yet the Fear-Greed Index has worked its way back into ‘Fear’ territory despite the S&P, for example, being down less than 300bps from ATHs, which again 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:
