Retail Merchants & Commerce Platforms

Own the merchants and commerce platforms that capture consumer spending through assortment, value, convenience and seller services, rather than consumer-product brands. Recent pullbacks in TJX and MercadoLibre offer a different entry point from the market's semiconductor-led advance, while Walmart and Costco anchor the basket in everyday shopping. This is a retail-distribution thesis, not a broad consumer recovery bet; premium valuations and weaker discretionary spending remain key risks. Launch basket (equal weight): WMT, COST, TJX, MELI, SHOP, CHWY, TGT, LOW 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.