Travel, Mobility & Card Spending

Own the businesses that book trips, move travelers, supply aircraft propulsion, and monetize card spending rather than another general consumer basket. Booking, Uber, Boeing, and GE Aerospace have retreated from their highs, creating an opportunity to assemble the travel spending chain without chasing the strongest technology momentum. The thesis depends on resilient travel demand; weaker discretionary spending, aircraft delivery setbacks, and credit losses are the principal risks. Launch basket (equal weight): BKNG, UBER, BA, GE, AXP, DAL, MAR, HLT 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.