Connectivity: Carriers & Network Equipment

Connectivity pairs recurring telecom access revenue with the equipment needed to move growing data traffic across networks. The technology pullback offers an opportunity to assemble this basket without relying solely on speculative compute demand. Carrier capital-spending restraint and competition remain risks, so the basket spans service operators and network suppliers. Launch basket (equal weight): T, VZ, CSCO, CIEN, AAOI, TMUS, NOK, CMCSA 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.