TL;DR
March 2026 monthly debate concluded with Semiconductors (SOXX) 35% · Healthcare (XLV) 35% · Defense (ITA) 30% allocation. Returned -2.1% vs SPY +1.4%. Miss — see full post-mortem in Track Record.
The debate
5-round consensus weighted memory + GPU cycle continuation. Round 4 raised guidance normalization risk but dismissed at 5% probability.
Full lessons-learned: see March 2026 Semiconductors call — why we missed.
Not investment advice.