Tactical Situation Report
(Weekly Portfolio Intelligence)
Super Summary:
- The US and Iran still battling as anywhere from 50-67% of pre-war oil is flowing. Other products suffer, like fertilizer and helium (for computer chips)
- Strong earnings continue to power new market highs
- Economic news was neutral to somewhat worrying, but not enough to scare markets
- We still have higher oil prices, higher interest rates and uncertain tariff risk hanging around
- Our average portfolio is up 23.9% so far this year, with Alpha Convergence up 32.96% against the S&P 500 at 13.39% and the equal weight version at 14.89%
Our results since June 23rd.
On The Move
A mostly quiet week as markets were moved more by strong earnings reports than broader concerns. We have also entered the August Zone - a time when many top traders take a vacation while more junior staff mind the store more than work the trades. Typically, trading volumes also decline until September, and we expect less volatility unless something breaks like the various risks we continue to track – oil prices, interest rates, tariffs and the AI build out.
For us, we remain very focused on tracking our portfolios.
What It Means for Us
Despite our worries, we continue to operate within our expectations for this period. While we are still far ahead of the market, we scan the horizon for threats that might throw us off course.
From the bridge.
Disclaimer
This newsletter is provided for informational purposes only and represents the current opinions of Life UnLocked Partners ("LUL"). It should not be considered personalized investment advice or a recommendation to buy, sell, or hold any security or adopt any particular investment strategy. The information presented is based on sources believed to be reliable, but LUL makes no representation as to its accuracy or completeness.
Past performance is not indicative of future results. All investments involve risk, including the potential loss of principal. The investment strategies discussed may not be suitable for all investors. Each investor should review their investment objectives, risk tolerance, and financial situation with a qualified advisor before making any investment decisions.
Performance data presented reflects the specific LUL strategies described and may not reflect the performance of any individual client account, which will vary based on account-specific factors including timing of investments, additions or withdrawals, and individual restrictions.
This communication is not an offer to sell or solicitation of an offer to buy any securities. LUL is a registered investment advisor. For additional information about LUL, including fees and services, please refer to our Form ADV, available upon request.
Benchmark Data: SPY and RSP Sharpe Ratios are sourced from PortfoliosLab (December 2025) and represent trailing 12-month calculations. Industry benchmarks for active managers and hedge funds are based on published academic research and industry surveys.
Past Performance: Past performance is not indicative of future results. All investments involve risk, including possible loss of principal. The Sharpe Ratio is one of many metrics and should not be used in isolation for investment decisions.
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