The S&P 500 finished June down only 1.1%, but the calm index hid a much louder market underneath. The Mag Seven lagged, Microsoft fell 17.1%, healthcare and industrials rallied, and AI leadership moved toward the physical infrastructure layer.
Runtime was built around a simple principle: alignment should be real.
People sometimes ask a fair question: Why can't someone else copy this? Or, with AI improving so quickly, won't an AI system or future superintelligence be able to do it anyway? The answer is that intelligence is not enough by itself. Before a person, company, or
When AI makes static software easy to copy, durable advantage moves to systems that learn from proprietary context, action, measurement, and improvement.
A market lesson from April 2026: rallies often begin before fear clears, reinforcing the value of systematic participation through uncertainty.
A research note on VIX, gold, and geopolitical risk, and why portfolio design must account for how uncertainty transmits through markets.
Runtime Fund's core investment thesis: long-term compounding is a portfolio engineering problem, shaped by systems, risk discipline, and compute.