Inventory Owners: Retail & Wholesale Distribution

Own businesses that purchase physical merchandise and earn their spread through sourcing, inventory management and distribution, rather than collecting marketplace fees. With market breadth uneven, this basket emphasizes tangible merchandise economics across household shopping, home improvement and business procurement. Inventory markdowns and weaker purchasing demand remain the principal risks. Launch basket (equal weight): WMT, COST, HD, TJX, NKE, GWW 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.