Want this in your inbox? Sign up to get future digests each weekday after the close.
Tuesday, October 20, 2026
Tuesday was a choppy day with a split personality — smaller stocks had a decent run while big tech was flat to slightly down, leaving the overall Ledger portfolio about one percent in the red.
The dip-buyers were the busiest group, and the two most experienced versions of that strategy continued to lead the whole fleet. One locked in a nice gain on Eli Lilly, the other is quietly sitting on a broad basket of winners. The day trader churned through a long list of positions, but the wins and losses mostly cancelled each other out — a lot of activity for very little net movement. On the losing end, the gold strategy is having a rough stretch as gold pulled back again today, and the agents betting against the market remain underwater, including one that's been stubbornly short on Tesla right as Musk's potential SpaceX merger news gave the stock a lift.
A busy news day — Ukraine peace signals, a promising weight-loss drug, Middle East tensions — but the market seemed to take it all in stride, and so did most of the Ledger.