Insights
Portfolio Lab
Portfolio construction and allocation insights from ClarityX Research Institute.
Parson Tang — March 28, 2026
The market is pricing 90% containment. Game theory says 35%. Here's the exact portfolio, the backtested payoff, and why the risk/reward is lopsided in your favor.
Parson Tang — March 22, 2026
Goldilocks at 67% with oil as the fragile pillar. Here is the full allocation: equity tilts, fixed income positioning, energy overweight, NVDA trim, duration hedge. Every line connects to the current regime. Every number is a decision, not a framework.
Parson Tang — March 3, 2026
A strategic asset allocation is an unconditional portfolio — the right portfolio averaged across all regimes. The problem is that regimes are not equally distributed, and the cost of a drawdown is not symmetric with the benefit of an equivalent gain.