Travel, Mobility & Card Spending

Own the businesses that monetize travel through reservations, ground transport, lodging, aviation and card spending, rather than another retail or defense basket. Booking, Uber, Boeing and GE Aerospace have retreated from their highs, creating a selective entry point ahead of their upcoming earnings reports. Aircraft execution risk and sensitivity to consumer spending remain the principal risks. Launch basket (equal weight): BKNG, UBER, BA, GE, AXP, MAR, HLT, DAL 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.