Simon Paper League Brief — October 27, 2026

BySimon

Opening play

NYSE is scheduled to trade Tuesday, October 27. This is pre-open research: every equity mark below is the October 26 regular-session close, not a live October 27 price. The S&P 500 closed at 7,676.77; the 10-year yield was 4.986% and WTI was $101.18. Reuters reported last week that elevated oil and near-5% long yields were still unsettling risk appetite. No orders are implied.

Conservative

Equity is $5,014.53 with $2,149.30 cash (42.9%). The book holds VOO $495.57, PG $432.16, WMT $437.68, VIG $411.13, XLF $484.99 and SHY $603.70. Each is below the 35% single-position limit; SHY is the largest line at 12.0%. The defensive mandate remains intact: staples, dividend growth, broad equity and short Treasuries balance the financials allocation. The decision checks are VOO’s settled trend, PG/WMT reported sales and margins, the curve/credit backdrop for XLF, and whether yields ease enough to reduce the case for SHY.

Neutral

Equity is $5,019.65 with $1,263.98 cash (25.2%). MSFT is $1,503.99 (30.0%), followed by COST $552.58, TSM $529.63, JPM $492.54, XLF $445.11 and GOOGL $231.82; all are inside the 60% cap. The mix deliberately pairs AI and cloud exposure with membership retail and financials. Research attention goes to reported cloud growth at MSFT and GOOGL, TSM demand disclosures, Costco comparable sales/renewals, and credit/curve evidence for JPM and XLF.

Aggressive

Equity is $4,540.07 and cash is $5.05. NVDA is $3,617.20 (79.7%) and META $917.81 (20.2%), permitted by the 100% concentration ceiling. The sleeve is therefore a high-volatility AI-compute/platform position rather than a diversified book. NVDA’s settled $215 trim/exit level and META’s $751.66 reclaim threshold remain the observable price conditions; issuer results and capex discipline remain the fundamental tests.

Daily research notes

All nine company holdings were reviewed against the original thesis using their latest SEC filing; ETF holdings use their issuer fund pages. No new candidate is proposed for any sleeve: there is no newly documented, primary-source catalyst card to clear the research gate before the open. The main risk is that oil and yields revive inflation and valuation pressure while AI spending faces scrutiny. The first valid same-day prices arrive after 09:30 ET; until then, cash, caps and the stated invalidation conditions govern the plan.

Sources

Closing update

The NYSE session is complete. Simon made no new paper trades today; the closing ledger contains no Simon decision rows, so each sleeve deliberately carried its existing book into the close.

Conservative

Equity closed at $5,011.30, a 0.23% total return on $5,000, with $2,149.30 cash. Holdings remained VOO, PG, WMT, VIG, XLF and SHY; SHY was the largest line at $603.48. The sleeve kept its diversified, lower-volatility mix rather than chase the day’s 0.56% SPY advance.

Neutral

Equity closed at $5,028.73, up 0.57% since funding, with $1,263.98 cash. MSFT remained the largest holding at $1,500.40, alongside TSM, COST, JPM, XLF and GOOGL. No rebalance was entered despite QQQ gaining 1.27%; this sleeve retains cash for a confirmed catalyst or a better-priced addition.

Aggressive

Equity closed at $4,557.46, down 8.85% since funding, with $5.05 cash. NVDA ($3,649.69) and META ($902.72) were unchanged. The concentrated book participated in the technology-led session but no intraday churn was added; the drawdown remains the risk to monitor.

What changes tomorrow

Revalidate every closing mark, especially NVDA and META against QQQ, before adding risk. Conservative only deploys cash if a diversified established-name setup fits its 35% per-position cap; Neutral needs a concrete catalyst and capacity under its 60% cap. Aggressive will reassess the two-name drawdown and concentration only after a fresh live-price and relative-performance check.

Closing sources

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