Biscotti. The original signal.
the best there is, the best there was, and the best there ever will be
What Biscotti does
The monthly contrarian rule that keeps showing up for the most beaten-down sector.
Quant thesis: Biscotti is a monthly cross-sectional mean-reversion strategy that allocates to the weakest SPDR sector ETF by trailing 30-trading-day return and holds for one month.
Plain English: A monthly contrarian sector rotation that buys the weakest recent sector and holds for one month.
Find the weakest SPDR sector ETF by 30-day return on the last trading day of each month. Buy the loser. Hold for one month. Repeat. No filters, no hesitation.
What this page shows: the live paper-trade record, the equity curve, and the actual trade log.
Current record
The live paper-trade record as of the latest snapshot.
$99,626
Total equity
-374
Net P&L
-0.37%
Return
-11.46%
Max drawdown
50%
Win rate
9
Trades
1
Open positions
4
Closed trades
Biscotti equity 99,626
SPY baseline 107,991
Open position
What Biscotti is holding right now.
| Ticker | Entry | Current | Unrealized | Value | Opened |
|---|---|---|---|---|---|
| XLU | $44.42 | $44.76 | $756.77 | $99,626.20 | 2026-05-29 |
Trade log
The actual paper-trade history for the signal.
| Date | Action | Ticker | Price | Shares | Value | P&L | Notes |
|---|---|---|---|---|---|---|---|
| 2026-05-29 | BUY | XLU | $44.42 | 2,225.7864 | $98,869.43 | — | entry |
| 2026-05-29 | SELL | XLV | $149.47 | 667.3459 | $99,733.05 | $1,453.55 (+1.5%) | rebalance |
| 2026-04-30 | BUY | XLV | $145.99 | 667.3459 | $97,425.83 | — | entry |
| 2026-04-30 | SELL | XLI | $174.58 | 573.7967 | $100,158.30 | $4,635.64 (+5.0%) | rebalance |
| 2026-03-31 | BUY | XLI | $161.73 | 573.7967 | $92,800.14 | — | entry |
| 2026-03-31 | SELL | XLF | $49.37 | 1,880.1954 | $92,810.09 | $-3,393.84 (-3.5%) | rebalance |
| 2026-02-27 | BUY | XLF | $51.17 | 1,880.1954 | $96,203.93 | — | entry |
| 2026-02-27 | SELL | XLF | $51.17 | 1,880.6893 | $96,213.88 | $-3,776.17 (-3.8%) | rebalance |
| 2026-01-30 | BUY | XLF | $53.17 | 1,880.6893 | $99,990.05 | — | entry |