Three sleeves: a big bond/dollar trend core (53%), a small cross‑asset momentum sleeve (17%), and an active Nasdaq timing sleeve (30%) that flips between QQQ/TQQQ and PSQ/SQQQ using trend, overbought/oversold, and fear signals. K‑1‑free commodities via PDBC.

- 53%: Own broad U.S. bonds (BND) when they trend up; otherwise own the U.S. dollar (USDU). Four timeframes reduce whipsaws. - 17%: Hold the 2 best 6‑month performers among stocks (SPY), long Treasuries (TLT), gold miners (GDX), broad commodities (PDBC), and floating‑rate bonds (FLOT). - 30%: Time the Nasdaq. When trends are healthy and fear is low, own QQQ or 3x QQQ (TQQQ). When markets look stretched or fearful, hedge/short with PSQ or SQQQ. Signals use simple ideas: trends (moving averages), “overbought/oversold” readings (RSI), and fear gauges (like UVXY).

Out-of-sample edge: Sharpe 1.86 vs SPY 1.43; Calmar 3.04; max drawdown 7.11% vs 18.76%; beta 0.26. Returns 21.63% vs 24.63% SPY, but far stronger risk-adjusted performance from a diversified 3-sleeve, K-1‑free commodity strategy.