Physical Store Retail Operators

This basket owns retailers whose main business is selling merchandise through physical store networks, rather than operating digital marketplaces or consumer brands alone. The focus is store economics: purchasing scale, inventory discipline, convenient locations and repeat customer traffic. In an uneven market, this offers a differentiated way to assess consumer demand through operating execution rather than technology spending. Launch basket (equal weight): WMT, COST, TJX, HD, TGT, LOW, ULTA, AZO, ORLY 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.