Current Analysis
Date of publication: May 4, 2026
KEY TAKEAWAYS
🔷 Current Position: Defender remains in Regime 3 (healthy bull market conditions). The tactical buy program is complete, and the portfolio has returned to its baseline fully invested position.
🔷 Market Action: The recent drawdown and recovery unfolded within the bounds of normal bull market behavior. Defender’s resulting 222-basis-point YTD advantage over the S&P 500 (7.84% vs....