A 50/50 tactical plan. One half goes 70% QLD + 30% TMF when bonds look healthy; otherwise shifts to safer bond/gold/commodity/dollar funds. The other half pairs UPRO/TMF/USDU by momentum, favoring the calmer asset. Prefer PDBC/USDU to avoid K‑1.

Split 50/50. Safety: If bonds beat cash and junk bonds aren’t falling, hold 70% QLD (2x Nasdaq‑100) + 30% TMF (3x long Treasuries). Else hold TLT plus the stronger of PDBC (commodities), GLD (gold), or USDU (US dollar). If rates rise, rotate among bond/gold/commodity funds by 45‑day returns. Adaptive: Pick two of UPRO (3x S&P 500), TMF, USDU from 6‑month winners; weight more to the calmer one. RSI = a strength score (more up than down days). Rebalance if >10% drift. Prefer PDBC/USDU (no K‑1).

Two-sleeve, rules-based strategy offers diversified, lower-beta exposure with OOS: ~10.38% annualized, Sharpe ~0.66, Calmar ~0.40; plus tax-friendly PDBC/USDU exposure to complement the S&P 500 upside.