Deep Drawdown Leaders: 40%+ Below Highs

Quality franchises across software, chips, infrastructure and consumer are sitting roughly 40% or more below their 52-week highs while the broad market is near its highs. This basket is a diversified bet on mean reversion in leaders with real revenue, and analyst targets sit well above current prices. Volatility is moderate and breadth is mixed, so selective rebounds in the most-sold names are the angle. Launch basket (equal weight): APP, INTU, ORCL, RKLB, CRDO, KLAC, VRT, IREN, NKE, COIN 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.