YOU ARE IN · MACRO & MEGACAPS

You are in. The next read goes out before the US open.

Four models read all 79 names in the universe each trading morning. The portfolio is built from what they agree on. Mail goes to the address you paid with. Every issue is posted to the site under the same login.

WHAT ARRIVES, AND WHEN

EVERY MONDAYThe portfolio is re-optimised. Every holding arrives with its exact weight, with the cash level beside it.

EVERY MORNINGAny overnight change to the portfolio, plus the multi-model signals on every name in the universe, before the US market opens.

EVERY WEEKThe scorecard, covering both the portfolio itself and how the multi-model signals did on each individual ticker.

If the first one lands in Promotions, drag it across into your main inbox. Your mail client learns from that. The rest will arrive where you can see them.

SUBSCRIBER OFFER · COMMODITIES

Commodities is the second portfolio, run on its own universe of 33 names. As a subscriber you can add it at 34% off, with the first month free.

Claim 34% off Commodities annual, plus a free month →

01Before the first email lands

Three things that make the first week read properly.

01MOVE THE FIRST EMAILDrag it out of Promotions and into the main inbox. Every issue after it follows the same path.

02READ HOW IT IS BUILTThe four models, the agreement count that decides a holding, the risk sizing and the exit rules are set out on one page.

03GO TO THE SOURCEThat page is a summary of two notes published in full. Read the signals note first, then the inception guide.

How we build the Systematic Portfolio →Introducing Multi-model Signals →The Portfolio Guide →

THE MORNING SIGNALS · MACRO & MEGACAPS

The model read on every name, plus the portfolio it builds.

Systematic Macro Megacaps

Sep 25, 2026

Macro & Megacap Systematic Portfolio & Signals (September 25, 2026)

Systematic Macro Megacaps

Sep 24, 2026

Macro & Megacap Systematic Portfolio & Signals (September 24, 2026)

Systematic Macro Megacaps

Sep 23, 2026

Macro & Megacap Systematic Portfolio & Signals (September 23, 2026)

02Start with what already exists

Every morning already published is open to you.

The archive runs back to launch and nothing in it is held back. The oldest issues repay an hour of reading, because they show the portfolio being assembled from cash one holding at a time.

Everything published, in one place →

03How it is scored

Every week, the portfolio is marked and published.

Most mornings nothing changes, because the portfolio only moves when the models agree. The scoring does not pause with it.

The record page carries the live results week by week, from launch on 3 August 2026, with the weak weeks left in. Nothing is restated afterwards. The holdings and the weights went out on the morning they changed, while the scoring rules were set before any of it ran.

Underneath the live record sits a ten-year backtest, 2,541 sessions from June 2016 to July 2026, run on data the models never saw. It carries no promise about what comes next. The live record is the one that counts. What it does show is how the method behaved through 2018, through 2020 and through 2022.

The full record, live and backtested →

04What else is here

The two services running alongside this one.

MACRO & MEGACAPS: SIGNALS & RESEARCH

The same portfolio and the same signals, with the macro analysis twice a week and a deep dive on the positions the portfolio holds. A weak month gets explained while it is happening.

What Research adds →

COMMODITIES: SIGNALS

A second portfolio across metals, energy, agriculture and the producers behind them. It runs on its own universe of 33 names. In 2022, the year the index fell, the backtest finished the year up.

What Commodities covers →

The Commodities discount is at the top of this page.

05Where everything lives

Check out these pages

Everything published How the portfolio is built The signals note The inception guide The track record The Long Trend

If something is unclear, reply to any issue. It reaches me directly. Questions from subscribers are where a good part of the academy material came from.

Published for information and education. It is not personalised advice, not a managed account, and not a recommendation to buy or sell any security. Capital is at risk. Past and backtested performance tell you nothing certain about the future.