Consumer Media & Communications

Own the businesses that connect consumers, distribute entertainment and monetize audience attention, rather than the hardware behind those services. The technology pullback makes this a timely way to distinguish established subscription and connectivity businesses from infrastructure spending bets. Advertising and discretionary entertainment remain cyclical risks, while recurring service revenue provides a complementary earnings base. Launch basket (equal weight): T, VZ, NFLX, GOOG, APP, CMCSA, DIS, TMUS, SPOT 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.