Blind Squirrel Macro’s ‘Start The Week’ note is the weekly review of the BUSHY™ beta portfolio and updates on our ‘Acorn’ trades - anything from single stock ideas and thematic baskets to FX / Credit / Commodity ideas.
This note is also home to new trade ideas that may have been highlighted in The Drey (our member channel on Discord) or do not justify a full write-up via one of the weekly ‘flagship’ notes. For example, this week’s ‘STW’ involves a couple of new ideas in the grains and energy complex.
The ‘STW’ is delivered to inboxes at 7.30am EST on Mondays. If you are interested in a trial of the 🐿️’s full service, please get in touch via the button below or by replying to this email.
In the weekend flagship note, the 🐿️ launched an exciting new project - an experiment in futurism. Check it out via the link below 👇 (there was no paywall on the note - any one can read it so please do share it widely):
Another strong week for BUSHY™. The beta portfolio has now finally back at new highs for the year after having been in a drawdown since late February.
It is now over 1000 bps ahead of benchmark and 678 bps ahead of the SPY 0.00%↑since inception at the beginning of 2025…
…while realizing a fraction of the volatility. BUSHY™ is at YTD annualized weekly vol of 8.63% (roughly in line with the level for the full year in 2025).
Before we get to the full run down on the portfolio, I wanted to go through a couple of fresh ideas on the commodity front…