All-Weather AI Power Balance

The economic machine is in a split regime: rising AI-led growth with sticky inflation and a 30-year yield near 5.66%. Equities can keep making records only if the physical constraint—electricity—is funded, so risk should sit in power producers and grid equipment rather than another mega-cap growth bet. Regulated utilities cushion falling-growth outcomes while merchant nuclear, turbines, and data-center power gear participate if growth and inflation stay hot. Catalysts: - 2026-10-06 Constellation, Vistra, and Talen rallied after power purchase agreements with AI data centers and Walmart to secure dedicated electricity (https://newsletters.distilla.ai/daily-market-brief-oct-06-2026/) Launch basket (equal weight): VST, TLN, NEE, ETR, NRG, GEV, VRT, ETN, PWR, GE Rules: 1. Equal weights; cash at most 5%. 2. No inverse, leveraged or volatility ETFs. 3. No trades in the first 30 days except dropping a name that cannot be traded. 4. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.