Telecom Carriers, Fiber & Network Equipment

Own the operators and equipment suppliers that connect households and businesses through mobile, broadband and backbone networks, rather than another hyperscale computing basket. The weaker technology tape offers a reason to emphasize recurring connectivity revenue alongside network modernization spending. Carrier competition, capital-spending restraint and equipment-order cyclicality remain the principal risks. Launch basket (equal weight): T, VZ, CSCO, CIEN, GLW, TMUS, NOK 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.