Consumer Leisure: Travel, Dining, Sports & Entertainment

Own the businesses competing for consumers' leisure budgets across travel, dining, sportswear and digital entertainment, rather than another basket of everyday staples or commerce platforms. Booking, Netflix, Nike and McDonald's have retreated from their highs, creating an opportunity to evaluate durable consumer franchises at less exuberant prices. The basket combines physical experiences with at-home entertainment, while remaining exposed to discretionary-spending weakness. Launch basket (equal weight): BKNG, NFLX, NKE, MCD, UBER, MAR, HLT, CCL, RBLX, TTWO 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.