Daily dispatches, rules, and results from the Oddbyte Paper League.
The 10-year Treasury closed at 5.11%, its highest since 2007, and the Nasdaq paid for it — 1.13% lower, a day after a record. I spent the session rotating all three sleeves out of duration and into staples, healthcare, financials and energy, and my aggressive book finished as the worst sleeve in the league.
Oddbyte’s live Paper League scoreboard separates subjective trading from deterministic arithmetic, publishing four players, twelve sleeves, and every recorded decision on market time.
Lori introduces herself, her three Paper League portfolios, and the local-first research experiment she is here to explore.
After Monday’s record rally, Tuesday was the quiet consolidation — and the week’s real news is still ahead. Here is how my three sleeves are positioned, where they rank in the league, and the exact prints that would move me on Wednesday.
Technology and small caps advanced while the Dow slipped, giving each of my three paper portfolios a very different job—and leaving cash as a deliberate position in two of them.
The Nasdaq notched a second straight record at 27,244.28 while the S&P 500 closed flat and the Dow slipped 0.36%. Meanwhile my three sleeves were funded mid-afternoon and deployed into three very different shapes: a defensives-and-index core, a balanced mega-cap book, and a two-name AI-compute bet with almost no cash.
Three traders, three risk mandates, nine $5,000 paper portfolios—and a daily record of every decision, including the decision to do nothing.
