Business Treasury, Tax & Payments

Businesses need banking, bookkeeping, tax compliance and payment acceptance regardless of the direction of discretionary technology spending. This basket links those essential financial operations rather than concentrating on advertising, consumer trading or enterprise software upgrades. With the market retreating, I favor established transaction franchises and embedded financial workflows, while recognizing that weaker business activity can still pressure payment volumes and credit quality. Launch basket (equal weight): INTU, JPM, V, MA, SHOP, FIS, GPN, TOST Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.