Disclosures and Details

Please read the following information carefully.

This isn't your typical, boilerplate disclaimer. And this document contains two distinct parts.

Part 1: DISCLOSURES ABOUT OUR BUSINESS contains critical information that will help you use our work appropriately and give you a far better understanding of how our business works – both the benefits it might offer you and the inevitable limitations of our products.

Part 2:  PROMOTION DETAILS contains facts, figures, explanations, annotations, full testimonials, and other resources about the promotional piece you just viewed. If you have questions or want more information about the marketing material you just viewed, the first place to look is Part 2 of this document.

PART 1: DISCLOSURES ABOUT OUR BUSINESS

The first and most important rule of investing is, in our view, the most obvious:

Investing always involves the risk of loss.

Paradoxically, investing is often most risky when it appears safest. This lesson of history led us to adopt a rather unconventional strategy – a contrarian approach to investing. We believe our approach has great merit, based upon our reading of history of our own track record to date. But as you surely have heard before, the past isn’t necessarily a guide to the future. No matter how well we do our job, no matter how much research we conduct, no matter how promising the opportunity, or certain our analyst… you cannot escape the fact that every investment opportunity (and particularly in stocks) comes with the risk of a loss. These risks are part of the reason why great investment ideas are rare and incrediblyvaluable. You should understand why a business – like ours – would be willing to share investment ideas with you and under what terms. We’ve prepared this document to help you understand exactly why we publish our best investment ideas (instead of simply investing in them or managing a hedge fund or other investment pool). It will give you insight into the specific conflict of interest we face as publishers and describe how we collect our track records. It will describe our posture in regards to guarantees. It will explain the regulatory and legal framework that governs how we operate and perhaps most important, it will set the stage for a long and happy business relationship. We’ve been successful in this business for more than 20 years because we’ve always been dedicated to serving our subscribers by only publishing materials we’d want our own families to read and follow, by always being completely transparent about the utility of our products (track records), and by always considering how we’d want to be treated if the roles were reversed. If you’ll take the time to read this document, we believe you will be far more likely to succeed using our materials. You will know more about our approach to serving investors. You’ll know more about the limits of what we can help you achieve. And most of all, you will know a lot more about the risks you inevitably face as an investor.

The first thing to know about our business (Chaikin Analytics) is that we are NOT money managers, brokers, or fiduciaries of any kind.

Our published work is NOT a low-price replacement for an experienced money manager, broker, or investment advisor. Instead, Chaikin Analytics LLC is a publishing company and the indicators, strategies, reports, articles, and all other features of our products are provided for informational and educational purposes only. Under no circumstances should you construe anything that appears in our newsletters, reports, or on our website as personalized investment advice. Our recommendations and analysis are based on Securities and Exchange Commission (SEC) filings, current events, interviews, corporate press releases, and what we’ve learned as financial journalists. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. If you are not an experienced investor, we urge you to get as much education as possible and to consult a licensed individual advisor before making investments of any kind. The regulatory regime for investment advisors and money managers makes it difficult (if not impossible) to serve both the general public and individuals. We have chosen to provide our research to the general public for a number of good reasons. For one, we know that Wall Street has enjoyed a dramatic advantage over the average investor for decades. And we want to level the playing field as much as possible. But the most important reason for serving the general public relates to something called the “prudent man” rule. Historically, the best investment opportunities have arisen amid circumstances most investors believed were risky. For example, opportunities to buy large-cap U.S. stocks at attractive prices have occurred almost exclusively during periods of great economic uncertainty. Recently such opportunities arose in 1987, 1994, 1998, 2002, and 2008. We are confident that such opportunities will occur again. Excessive greed and fear are the emotions that drive the public markets. Likewise, individual securities often trade at the most attractive prices when serious problems arise in a given business. We call these company-specific problems “warts.” However, precisely because most investors are repulsed by such securities, investors willing to study them can produce large investment returns. We seek to take advantage of these opportunities for the benefit of our subscribers. As I’ll explain later, our firm does not own any stocks, nor do we allow our investment analysts to own the stocks they recommend for our subscribers. Investment fiduciaries are often forbidden by regulations – most notably the so-called “prudent man” rule – from taking a contrarian approach like ours with a majority of their investments. These regulations date back to 1830 (though the rules have been significantly revised over the years). The rule boils down to a simple concept: Fiduciaries have an obligation to avoid taking investment risks that are contrary to the public’s opinion. Individual investment managers with fiduciary obligations are legally required “to observe how men of prudence, discretion, and intelligence manage their own affairs.” These rules essentially require registered investment advisors to invest alongside the public. They are forbidden, for example, from shorting stocks. This makes taking a truly contrarian approach nearly impossible because of regulatory and legal liability concerns.

Our company’s primary approach to investing is based in contrarian strategies that may be significantly at odds with conventional wisdom and mainstream approaches to capital management.

That means many of the recommendations and strategies we cover in our publications will seem risky and controversial. It also helps explain why investors and media outlets that follow a more conventional “prudent man” approach frequently criticize our work and even accuse us of malfeasance. We urge you to consider our investment ideas carefully and to follow all of our strategies for risk management, especially position sizing and trailing stop losses. But most of all… we urge you to educate yourself about the philosophy that underlies our approach. If you will take the time to understand why we believe our strategies are likely to work, you can acquire the emotional fortitude and the discipline necessary to successfully apply our strategies. If you lack this understanding, you are very unlikely to succeed.

We are NOT responsible for your results – good or bad. We will NOT take credit (in the form of a percentage of your profits) for your success. Nor are we legally liable for any of your losses.

Subscribing to our newsletters will not make us responsible for your investment results. You will bear the full burden of the risks you decide to take. As we will regularly remind you: It’s your money, and it’s your responsibility. Our lack of fiduciary responsibility might cause you to second-guess our work. That’s fine with us. We urge you to be critical and skeptical of all investment recommendations, no matter the source. But the simple fact is, if we were subject to legal liability for any losses resulting from our recommendations, our business would disappear overnight. No investment manager could withstand the risk of investment losses without also reaping the rewards of investment gains. Being free of these fiduciary obligations allows us the freedom to operate and to provide information about investment strategies (contrarian) and investment ideas that others are not able or willing to cover. Therefore, when you use our services remember to always limit your position sizes to an amount you can easily afford to lose. (We’d recommend the same advice when making an investment based on a recommendation from any source.)

A very important warning: We make mistakes.

We are human. We make mistakes. Sometimes our ideas and hunches turn out to be wrong (though not often, we’re pleased to report). More frequently our “timing” is off. That is, an investment theme we expect to develop only does so in a timeframe that makes it difficult to earn a profit. And of course, there are also times when we are misled, despite reasonable efforts to confirm our sources. Based on the large number of customers we have acquired and retained and based on our own internally kept track records (more on these below), we feel confident that on the whole our work is extremely reliable. We doubt you’ll find work by any other publisher that is as detailed and well-sourced. Nevertheless, it is important for you to realize that no published materials anywhere – not even the New York Times - is regularly published without at least occasional mistakes. When we make mistakes, you can count on us to correct them as quickly and honestly as possible. It is very unlikely (though it does happen from time to time) that you will become wealthy from trading stocks, bonds, options, commodities, or other financial instruments. The most realistic way to become wealthy, in our view, is by building your own business or by playing a key role in the creation or the significant growth of an existing one. Our newsletters are intended to serve people who are in the process of wealth building by helping them manage their savings or people who already have significant amounts of savings earn a higher average return.

Why not simply manage money or keep our ideas for ourselves?

Most knowledgeable investors are willing to share their ideas with other investors in exchange for a fee. Sharing ideas doesn’t reduce returns and can generate substantial amounts of income for good investors. Fees for top-quality money managers are high – especially for investors who are able to pursue contrarian strategies. Hedge funds, for example, typically charge 2% of assets under management and 20% of profits. Fees generated by successful hedge funds can reach into billions of dollars. While we have considered for many years launching such a fund, the regulatory burden and the cost of raising large amounts of capital, are significant. On the other hand, thanks to the First Amendment, there are relatively few legal burdens to publishing and thanks to the Internet, there are few capital constraints. These low barriers to entry allowed us to achieve a significant amount of success very quickly. We reached 100,000 subscribers within five years of operations. Within about 10 years of operations, we’d reached well over a million total readers and more than 500,000 paid subscribers. Thus, in about 10 years, we grew from a start-up to the world’s leading subscription-based financial publisher (according to various databases of subscriber figures). We know of no other business in our industry that has ever achieved growth equal to even a fraction of these numbers so quickly. We don’t believe such rapid success would have been possible if we’d attempted to build a money-management business. You should know that we attribute our success to three simple factors: our contrarian approach (we cover valuable opportunities others won’t or can’t), the number of very highly skilled analysts we were able to recruit and retain (primarily by offering a work environment that promised lucrative rewards for success with almost no conflicts of interest), and the integrity with which we have always approached our endeavors. Or as our founder likes to say in jest, “All it takes is a decade of hard work to become an overnight success.” Our path to success was set in motion by a simple choice: We decided to publish our investment ideas to millions of people around the world at a relatively low price rather than sharing our ideas exclusively with a very small group of wealthy investors at a high price. In the long term, for this approach to be successful, we must continue to provide large numbers of subscribers with unique, contrarian investment advice that is reliable and profitable.

We have structured our business in an effort to avoid conflicts of interest, but a significant potential conflict of interest still exists.

We believe everyone involved in finance has some conflict of interest. Hedge-fund managers, for example have a tremendous incentive to produce short-term capital gains so that they can generate fee income (20% of gains). This might lead them to take short-term risks at the expense of safer and more lucrative long-term gains. This conflict will exist even if the manager keeps all or most of his wealth inside the fund. It also helps explain why successful hedge-fund managers often end up earning far more from running the fund than their clients make investing in it. We generate our profits exclusively from the subscriptions we sell. This is deliberate. We do not want our subscribers to wonder whether we were recommending a company or an investment because the company or investment sponsor advertised with us. This has been one of the ways that we have steered clear of potential conflicts of interest but it’s not the only one.

We don’t accept compensation (or favors) from the companies we recommend as investments.

As you may know, many newsletter companies do not adhere to the same guidelines that we do. Some accept compensation from the companies whose stock they recommend and cover. We could argue that our policies described above leave us completely free of any conflict of interest. Other financial publishers will surely make such a claim. But it’s not completely true. We have made efforts to structure our business so that we don’t have any conflicts of interest. But despite our efforts, we do have a conflict. It’s a conflict that’s systemic throughout the investment community and complex to explain… so bear with me. The investing public has the unfailing tendency to rush into the worst possible investments at the worst possible time. We call this the “paradox” of finance. People can figure out when it’s a good time to buy groceries – when they’re on sale. But when it comes to securities, people tend to ignore them when they’re cheap and stampede into them when they’re expensive. For example… you’ll remember that in 1999 and 2000 investors all rushed into tech stocks… at the wrong time. Then, they rushed into the housing market… at the wrong time. We believe this irrational behavior is linked to the emotional need many people have to conform. It’s the same psychology, essentially, that powers the fashion business. We can’t say what investment passion will strike the crowd next, but we know, when it occurs, it would prove lucrative for us to publish information confirming the crowd’s passions… even when it involves making bad or dangerous recommendations. That is, during bubble periods, we have a financial incentive to help inflate the bubble because that’s the kind of information the public will demand in those periods. This conflict – the temptation to sell the public the information it wants even if it’s not in their interests – isn’t unique to financial publishers. All forms of media face this conflict. That’s why, at market tops, you will commonly find magazine covers and other types of mainstream media embracing the bubble. We attempt to balance this conflict by focusing on proven contrarian approaches to investing. We further advocate strict risk-management strategies that have so far largely prevented us from being caught up in investment manias. You should also know that the structure of our company and the factors that drive our profits help minimize the financial temptation to “go with the crowd” in the short term. Essentially all of our profits are derived from renewal sales or additional sales to existing customers. We typically market to new customers at a loss. This allows us to reach more potential subscribers and, over time, to build a bigger business. It also means that unless our subscribers choose to renew in large numbers, we are unlikely to succeed at our business. This helps to align our interests with the long-term success of our subscribers. We believe we are unique in this long-term strategy among all financial publishers. Just to be clear, though, no financial business is totally immune to all conflicts of interest – just as no investment is totally free of risk. No matter how dedicated our executives are to the success and wellbeing of our subscribers, at least some of our employees will be motivated by a need to sell, to motivate, to persuade, and to captivate our subscribers to produce revenue for our business. It is difficult to sell anything without embracing, at least somewhat, the mood of the public. Thus, we urge all subscribers to reference our most recent newsletters and to consult with an individual advisor before making any investments. Likewise, we would urge you not to rely – at all – on any of our marketing pieces or sales letters when making your investment decisions. These publications are designed to sell our research products and thus, by design, lack the more fully balanced analysis of the risks and rewards of any particular investment idea that you will find in our newsletters.

Why our business model is almost exclusively based on subscriptions.

You may have noticed that the vast majority of our products are offered only via subscription. To protect free speech and to encourage public debate and the exchange of ideas, the SEC has carved out what’s known as the “publisher’s exemption” from certain securities laws. This exemption doesn’t mean that we can write whatever we want. It means that we aren’t required to be registered with the SEC. And it means that we can write about things registered advisors would find difficult to get through their compliance departments – such as extremely contrarian advice. To qualify for this exemption from securities licensing (and avoid the “prudent man” restrictions we mentioned earlier), we must be a “bona fide” publisher, which under law is defined as a publisher who offers commentary to the public on a regular schedule via subscription. The SEC frowns on “tip sheets” that sell one-off reports. These policies help create accountability for publishers. We have no problem proving our value to subscribers. It’s exactly how we’d want to be treated if our roles were reversed.

Newsletter track records: Why they’re not like mutual funds.

The mutual-fund industry has become, like the wine trade, addicted to extremely simplistic, almost ritualistic, evaluations of quality. A wine is a 96. That’s great. A fund is five-star. That’s great. What’s your newsletter’s rank? The problem is, unlike a mutual fund, newsletter track records have no precise starting point or ending point. The size (number of positions) grows over time, as the letter adds recommendations. Thus, a newsletter can’t really be compared – directly – to either a mutual fund or a stock index. The closest comparison we can manage for newsletters is to give you the average annual return of each recommendation made and the average holding period. This gives you the annualized return – which is an approximation of what you might have earned following the advice of a newsletter. It’s far from precise. It doesn’t account for taxes (if you’re investing in a taxable account) or “slippage” – which is the price you paid when you bought versus the recommended price and the price you got when you sold versus the recommended sell price. We can only track prices that are available in the market at the time we publish. Occasionally, someone will complain that our track records aren’t reliable because they don’t reflect actual investment returns. It’s important for you to realize that your results might be better or worse than the results we represent. We simply have no way to know what your entry price was, what your exit price was, or what taxes you’ve paid (or will eventually pay). We strive to make our track records accurate. They may, or they may not, be representative of your actual results. Now… here’s the problem with track records and the reliance some investors place on them. There’s not a single mutual fund in the world whose long-term track record is great (10 years with double-digit annual returns) that doesn’t also have periods of terrible investment performance. Likewise in the newsletter business, we have some analysts and some strategies that excel during bull markets. Some that excel during bear markets. And some that can produce very consistent (but not world-beating) results. We had an editor, for example, close out 136 winning positions in a row, where the average return on each position was roughly 10%. Of course, he held those positions open for two to three months. So his annualized return over that period was 52%. Nearly all of our products are based on a fundamental approach to securities analysis. A few offer advice based on the market’s technical outlook. We’ve developed a preference for fundamental factors (like the underlying quality of the business and a rational evaluation of the stock’s intrinsic value versus its market price) because we’ve found these qualitative measures to be the most reliable. The most important thing that you need to understand is that no single investment strategy (or investment analyst) can provide consistently market-beating advice at all times and in all markets. Our analysts use a variety of contrarian-based strategies. Our efforts are designed to allow you to use the right tools in the right market conditions. All of our publications maintain a track record. Virtually all of them post their open positions on our website and almost all of them are also printed with each issue. All of the back issues are available on our website. You can see for yourself how each analyst has done with every recommendation he or she has ever made. You can see how each of our products has performed in the past, during various market conditions. All of these things we do to inform our readers about the products that they’ve purchased and represent our efforts to be transparent. Please understand: The best thing an investment research product can bring you is a good idea that’s right for the market conditions and offers an overwhelming potential for success versus a moderate level of risk. No investment newsletter is likely to make you rich overnight, although we’ve seen huge profits in volatile industries, like mining and biotechnology. Most of your success as an investor will be determined by how much capital you have to invest, how much time you have to invest, and your asset allocation, that is, how much of your capital you have in stocks versus bonds and cash. If you want to be successful as an investor, our best advice is to become an expert at avoiding risk. Simply putting your money into high-quality stocks and bonds is very likely your best bet.

Another way we try to avoid conflicts: Our analysts do not buy the stocks they recommend to you.

Our company policy forbids our investment analysts and their staff from owning any stock they recommend. In addition, other employees of Chaikin Analytics may not purchase recommended securities until 24 hours after the recommendations have been distributed to our subscribers on the Internet. Some subscribers profess to be disappointed that our analysts don’t “eat their own cooking” or have any “skin in the game” since they aren’t allowed to own even a token amount of the stocks they’ve recommended. That opinion is naïve. Nothing is more important to the long-term success of an analyst in our industry than a reputation for producing excellent results for their subscribers. An analyst’s standing in our company and our industry is measured by his or her ability to produce a winning track record using a given strategy. This is real skin in the game – far more skin than simply investing a few thousand dollars in a particular stock. This position also allows our analysts to be genuinely independent. That guarantees us that the only reason they have to recommend a stock, to re-recommend a stock, or to recommend selling a stock is that they fully and sincerely believe that’s the best course of action. Without this independence the possibilities of a conflict of interest are infinite.

PART 2: PROMOTION DETAILS

Marc Chaikin is the founder of Chaikin Analytics. Stansberry Research is a majority shareholder.

This is a promotion for the Chaikin Power Portfolio. If you have any questions or want more information about the marketing material you just viewed, here's where you should start. Remember, you can also call Chaikin’s Customer Service team at our Baltimore Headquarters, from Monday through Friday, 9 a.m. through 5 p.m. Eastern time. Our toll–free phone number is: 1–877-697-6783.

The following contains facts, figures, explanations, annotations, full testimonials, and other resources about the promotional piece you just viewed.

In short, these are the resources used to put together the previous promotion. As you have seen, we publish testimonials in our promotions. All of those testimonials are the words of real subscribers that we received in real letters, emails, and other feedback.  If a subscriber sends a testimonial we’d like to use in a promotion, a member of our Customer Service team calls them to verify their claims. We do not make these results up, and we do not pay or compensate subscribers for their testimonials.

When we receive testimonials from a subscriber, we veil their last name and any identifying details to protect their privacy and identity. During the verification process we’ll often ask for particulars about the subscriber's results, including:

1. How much money he or she invested,
2. How long he or she was in the trade,
3. How much the subscriber made in dollars terms and as a percentage of the original investment, and
4. What portion of his or her overall portfolio was put into the trade.

We ask these questions because we want a clearer picture of the results that the subscriber attained so that we can pass that information on to you.

While we ask these questions, we are aware that this financial information is personal and sensitive. Some subscribers do not feel comfortable sharing this information with us, especially knowing that we may publish it. You should keep these questions in mind when assessing whether to purchase our products and whether you could obtain similar results.

If the subscriber does not give us this information, then we cannot publish it.. We publish this information to let you know that these results are possible and have been achieved by real people after reading our research. However, you should also understand that we are advertising these testimonials because they are atypical. These results are examples of the very best possible outcomes.

Past results like these are no guarantee of any future result.

We wouldn't recommend anticipating such outstanding results with your own investments. Yes, you could have results like these – or perhaps even better. But, it's simply not prudent to assume you will immediately make large investment returns. Instead, we urge you to read our work carefully, to follow our risk management strategies conscientiously, and to invest cautiously while setting expectations that are based around our long-term performance averages. 

The promotion you just read was for Chaikin Analytics.

The details listed below are listed in the order they appear in the accompanying promotion.

If you have any questions or want more information about the marketing material you just viewed, here's where you should start. Remember, you can also call our Customer Service team at our Baltimore Headquarters, from Monday through Friday, 9 a.m. through 5 p.m. Eastern time. Our toll–free phone number is: 1–888–261–2693.

PROMOTION DETAILS

“Stock Market Indices down after Trump Tariffs on Canada, China, Mexico Announced.” NBCNews.Com, NBCUniversal News Group, 3 Feb. 2025, www.nbcnews.com/business/markets/markets-reacts-trump-tariff-announcements-monday-rcna190408.

“Analysis.” Portfolio Visualizer Analysis Tools, www.portfoliovisualizer.com/analysis. Accessed 26 Mar. 2025.

Foimbert. “Expect More Volatility Ahead as Market Navigates Shifting Political Winds, UBS Says.” CNBC, CNBC, 21 Feb. 2025, www.cnbc.com/2025/02/21/expect-more-volatility-as-market-endures-shifting-political-winds-ubs-says.html.

“Global Hedge Funds Dump Everything but Real Estate Stocks, Says Goldman Sachs | Reuters.” Reuter’s, www.reuters.com/markets/global-hedge-funds-dump-everything-real-estate-stocks-says-goldman-sachs-2025-02-03/. Accessed 26 Mar. 2025.

“As Big Tech Stumbles, Money Is Flowing into Smaller Stocks - TheStreet Pro.” The Street, https://pro.thestreet.com/market-commentary/as-big-tech-stumbles-money-is-flowing-into-smaller-stocks. Accessed 26 Mar. 2025.

“Tech Billionaires Lost Almost $100bn in Stock Market Selloff Sparked by DeepSeek.” The Guardian, Guardian News and Media, 28 Jan. 2025, www.theguardian.com/technology/2025/jan/28/deepseek-selloff.

“Utilities Gain on Rotation From Tech Sector.” Utilities Roundup, www.marketwatch.com/story/utilities-gain-on-rotation-from-tech-sector-utilities-roundup-0bb759f4.

“Health Care Climbs on Sector Rotation - Health Care Roundup.” MarketScreener, MarketScreener, 19 Feb. 2025, www.marketscreener.com/quote/stock/UNITEDHEALTH-GROUP-INC-14750/news/Health-Care-Climbs-on-Sector-Rotation-Health-Care-Roundup-49105268/.

“Sector Rotation Analysis: A Practical Tutorial Using TradingView.” TradingView, www.tradingview.com/chart/BTCUSD/7xqyuJeB-Sector-Rotation-Analysis-A-Practical-Tutorial-Using-TradingView/. Accessed 26 Mar. 2025.

Osorio-Mazilli, Gabriel. “Market Rotation Ahead? Why Value Stocks May Outshine Big Tech.” Entrepreneur, Entrepreneur, 3 Feb. 2025, www.entrepreneur.com/finance/market-rotation-ahead-why-value-stocks-may-outshine-big/486596.

Hall, Mary. “Navigating Market Cycles: The Surprising Strategy for Optimized Returns.” Investopedia, Investopedia, www.investopedia.com/trading/market-cycles-key-maximum-returns/. Accessed 26 Mar. 2025.

“Tech Bubble or Rotation?” The Big Picture, 25 Mar. 2021, https://ritholtz.com/2021/03/tech-bubble-or-rotation/.

“Tech Stocks Got Creamed in the First Half. The Rest of 2022 Could Be Worse.” Barron’s, www.barrons.com/articles/tech-stocks-secondhalf-could-be-worse-51656693199.

“ATLASFINANCIALINC.” Atlas Financial Inc, https://atlasfinancialinc.com/wp-content/uploads/2023/06/DALBAR-2023-QAIB.pdf. Accessed 26 Mar. 2025.

Lanning, Jessica. “Why the Average Investor Underperforms the Market: Lanning Financial.” Lanning Financial |, 19 Jan. 2023, https://lanningfinancial.com/why-the-average-investor-underperforms-the-market/.

“Why Do Individual Investors Underperform?” Pragmatic Capitalism, 22 June 2015, www.pragcap.com/why-do-retail-investors-underperform/.

“Quantitative Analysis of Investor Behavior.” Stream Financial, www.streamfinancial.com.au/wp-content/uploads/sites/139/2022/05/real-investment-advice.pdf.

“DALBAR Study Finds the Average Investor Return Gap Doubled in 2021.” Dalbar, www.dalbar.com/Portals/dalbar/Cache/News/PressReleases/2021QAIBMidYearPR.pdf.

“Investors Experience Devastating Investor Performance Gap.” DALBAR, www.dalbar.com/Portals/dalbar/Cache/News/PressReleases/QAIB_PR_2022.pdf.

“DALBAR.” Investors Panic in 2022 and Lose More than Indices Suggest, www.dalbar.com/Portals/dalbar/Cache/News/PressReleases/QAIB23PR.pdf.

“DALBAR Releases 30^th Annual QAIB Report .” DALBAR, www.dalbar.com/Portals/dalbar/Cache/News/PressReleases/QAIB2024_PR.pdf. Accessed 26 Mar. 2025.

“2022 Stock Market Decline.” Wikipedia, Wikimedia Foundation, 4 Mar. 2025, https://en.wikipedia.org/wiki/2022_stock_market_decline.

Darbyshire, Madison, and Joshua Oliver. “Retail Investor Portfolios down 44% Year to Date.” Financial Times, 22 Oct. 2022, www.ft.com/content/406f65f9-8cf3-416f-9171-ea7b8da0348b.

“Investors Panic in 2022 and Lose More than Indices Suggest.” DALBAR, www.dalbar.com/Portals/dalbar/Cache/News/PressReleases/QAIB23PR.pdf.

“Quantitative Analysis of Investor Behavior.” DALBAR Products and Services: QAIB, www.dalbar.com/ProductsAndServices/QAIB. Accessed 26 Mar. 2025.

“Markets’ Fall in 2008 Was Worst in Seven Decades.” ABC News, ABC News Network, https://abcnews.go.com/Business/story?id=6563041&page=1. Accessed 26 Mar. 2025.

“2008 Financial Crisis.” Wikipedia, Wikimedia Foundation, 22 Mar. 2025, https://en.wikipedia.org/wiki/2008_financial_crisis#cite_note-6.

Hooper, Kristina, and Kristina Hooper. “Tariffs Rattle Stock Markets, but Long-Term Impact Is Unclear.” Invesco, 25 Mar. 2025, www.invesco.com/us/en/insights/tariffs-rattle-stock-markets-long-term-impact.html.

“S&P 500 vs. Average Investor.” Crews Bank & Trust, 1 Oct. 2024, www.crews.bank/blog/sp-500-vs-average-investor.

“A Quote from the Sun Also Rises.” Goodreads, Goodreads, www.goodreads.com/quotes/102579-how-did-you-go-bankrupt-two-ways-gradually-then-suddenly. Accessed 26 Mar. 2025.

“Retail Investors Returned Just 3% in 2024 vs the S&P 500’s 24%! What Went so Wrong in a Year so Right? .” Knead Your Dough, 2 Dec. 2024, https://kneadyourdough.uk/2024/12/02/retail-investors-returned-just-3-in-2024-vs-the-sp-500s-24-what-went-so-wrong-in-a-year-that-went-so-right/.

“This Is What Happened the Last Time Trump and China Had a Trade War.” The Independent, Independent Digital News and Media, 4 Feb. 2025, www.independent.co.uk/news/world/americas/us-politics/china-us-trade-war-trump-tariffs-b2691814.html.

Rosen, Phil. “Stock Market Outlook: Bull Run Turns 2 Years Old.” Opening Bell Daily, www.openingbelldailynews.com/p/bull-market-birthday-stock-investors-fed-rate-cut-outlook-economy. Accessed 26 Mar. 2025.

Jesse Pound, Samantha Subin. “Stocks Fall to End Wall Street’s Worst Year since 2008, S&P 500 Finishes 2022 down Nearly 20%.” CNBC, CNBC, 30 Dec. 2022, www.cnbc.com/2022/12/29/stock-market-futures-open-to-close-news.html.

Elliott, Alan R. “Understand the Link between Leading Industry Groups and Fantastic Stocks.” Investor’s Business Daily, 9 Sept. 2016, www.investors.com/how-to-invest/investors-corner/understanding-the-link-between-industry-groups-and-institutional-investors/.

“‘Jack Bogle, Haystacks, and Putting the Interest of the Clients First’, Prepared Remarks before the 2024 Conference on Emerging Trends in Asset Management.” U.S. Securities and Exchange Commission, www.sec.gov/newsroom/speeches-statements/gensler-etam-051624. Accessed 26 Mar. 2025.

Marx, Sarah. “Homebuilders Are Primed for an Even Better 2024.” HousingWire, 29 Dec. 2023, www.housingwire.com/articles/homebuilders-are-primed-for-an-even-better-2024.

Kempenaer, Julius de. “Sector Rotation Model Suggests Bull Market in Stocks Ongoing.” StockCharts.Com, 12 Feb. 2021, https://stockcharts.com/articles/chartwatchers/2021/02/sector-rotation-model-suggests-271.html.

“One Chart Reveals the Sector Rotation in the Stock Market.” Yahoo! Finance, Yahoo!, https://finance.yahoo.com/news/one-chart-reveals-sector-rotation-100101989.html. Accessed 26 Mar. 2025.

Doherty, John. “Sortino Ratio: A Better Measure of Risk.” Topstep, 20 Feb. 2025, www.topstep.com/blog/sortino-ratio-a-better-measure-of-risk/.

“Using the Sortino Ratio to Gauge Downside Risk.” Schwab Brokerage, www.schwab.com/learn/story/using-sortino-ratio-to-gauge-downside-risk. Accessed 26 Mar. 2025.

“Tesla Stock Rose, but Not Enough to Avoid Its 2^nd Worst Month on Record.” Barron’s, www.barrons.com/articles/tesla-stock-worst-month-musk-c502c7be .

“About Mps.” About MPS, www.monolithicpower.com/en/about-mps.html. Accessed 26 Mar. 2025.

Hirsch, Jeffrey A., and Yale Hirsch. Stock Trader’s Almanac 2018. John Wiley & Sons, Inc, 2018.

Sommer, Jeff. “Why Midterm Election Years Are Tough for the Stock Market.” The New York Times, The New York Times, 22 Apr. 2022, www.nytimes.com/2022/04/22/business/stocks-elections-midterm-biden.html?searchResultPosition=5.

Matthew Frankel, CFP. “Best Bank Etfs in 2025.” The Motley Fool, www.fool.com/investing/stock-market/market-sectors/financials/bank-stocks/bank-etfs/. Accessed 26 Mar. 2025.

McKenna, Kristin. “3 Investing Lessons Learned from the 2020 Covid Crash.” Forbes, Forbes Magazine, 18 Mar. 2021, www.forbes.com/sites/kristinmckenna/2021/03/16/3-investing-lessons-learned-from-the-2020-covid-crash/.

Vartan, Vartanig G. “Market Place; Technicians as Forecasters.” The New York Times, The New York Times, 13 Jan. 1983, www.nytimes.com/1983/01/13/business/market-place-technicians-as-forecasters.html.

ADDITIONAL SOURCES

“Annual S&P Sector Returns.” Novel Investor, 2 Jan. 2025, https://novelinvestor.com/sector-performance/.

“Average Investor Blown Away by Market Turmoil in 2018 .” DALBAR, www.dalbar.com/Portals/dalbar/Cache/News/PressReleases/QAIBPressRelease_2019.pdf. Accessed 26 Mar. 2025.

Beers, Brian. “How Sector Rotation Can Enhance Your Investment Strategy.” Investopedia, Investopedia, www.investopedia.com/articles/trading/05/020305.asp. Accessed 26 Mar. 2025.

STOCK QUOTES

“AbbVie Inc. (ABBV) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/ABBV/.

“Adobe Inc. (ADBE) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/ADBE/.

“Align Technology, Inc. (ALGN) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/ALGN/.

“Amazon (AMZN) - Market Capitalization.” CompaniesMarketCap.Com - Companies Ranked by Market Capitalization, https://companiesmarketcap.com/amazon/marketcap/. Accessed 26 Mar. 2025.

“Amazon.Com, Inc. (AMZN) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 24 Mar. 2025, https://finance.yahoo.com/quote/AMZN/.

“Amgen Inc. (AMGN) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/AMGN/.

“Aon Plc (AON) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/AON/.

“Apple Inc. (AAPL) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/AAPL/.

“Applovin Corporation (APP) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/APP/.

“Biogen Inc. (BIIB) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/BIIB/.

“Broadcom Inc. (AVGO) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 25 Mar. 2025, https://finance.yahoo.com/quote/AVGO/.

“Burlington Stores, Inc. (BURL) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 25 Mar. 2025, https://finance.yahoo.com/quote/BURL/.

“Cameco Corporation (CCJ) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/CCJ/.

“Carvana Co. (CVNA) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/CVNA/.

“Coherent Corp. (COHR) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/COHR/.

“Constellation Energy Corporation (CEG) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 25 Mar. 2025, https://finance.yahoo.com/quote/CEG/.

“Corcept Therapeutics Incorporated (Cort) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/CORT/.

“Coterra Energy Inc. (CTRA) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/CTRA/.

“Devon Energy Corporation (DVN) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/DVN/.

“DocuSign, Inc. (DOCU) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/DOCU/.

“Dream Finders Homes, Inc. (DFH) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/DFH/.

“Economic Sector Performance Dashboards.” Yahoo! Finance, Yahoo!, https://finance.yahoo.com/sectors/. Accessed 26 Mar. 2025.

“Exxon Mobil Corporation (XOM) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 23 Mar. 2025, https://finance.yahoo.com/quote/XOM/.

“Fastenal Company (FAST) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/FAST/.

“Federal National Mortgage Association (FNMA) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/FNMA/.

“Fiverr International Ltd. (FVRR) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/FVRR/.

“Fortinet (FTNT) - Market Capitalization.” CompaniesMarketCap.Com - Companies Ranked by Market Capitalization, https://companiesmarketcap.com/fortinet/marketcap/. Accessed 26 Mar. 2025.

“Fortinet, Inc. (FTNT) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/FTNT/.

“Gilead Sciences, Inc. (GILD) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/GILD/.

“Global X Uranium ETF (URA) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/URA/.

“Hewlett Packard Enterprise Company (HPE) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/HPE/.

“Humana Inc. (HUM) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/HUM/.

“Ishares Biotechnology ETF (IBB) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 24 Mar. 2025, https://finance.yahoo.com/quote/IBB/.

“Ishares Semiconductor ETF (SOXX) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/SOXX/.

“Ishares U.S. Home Construction ETF (ITB) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/ITB/.

“Ishares U.S. Technology ETF (IYW) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 23 Mar. 2025, https://finance.yahoo.com/quote/IYW/.

“Lam Research Corporation (LRCX) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/LRCX/.

“Leslie’s, Inc. (LESL) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/LESL/.

“M/I Homes, Inc. (MHO) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/MHO/.

“Marathon Petroleum Corporation (MPC) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/MPC/.

“Mastec, Inc. (MTZ) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/MTZ/.

“Mbia Inc. (MBI) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/MBI/.

“McKesson Corporation (MCK) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/MCK/.

“Meta Platforms, Inc. (Meta) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 25 Mar. 2025, https://finance.yahoo.com/quote/META/.

“Netflix, Inc. (NFLX) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/NFLX/.

“Northrop Grumman Corporation (NOC) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/NOC/.

“Nvidia Corporation (NVDA) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 25 Mar. 2025, https://finance.yahoo.com/quote/NVDA/.

“Palantir Technologies Inc. (PLTR) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 25 Mar. 2025, https://finance.yahoo.com/quote/PLTR/.

“Palo Alto Networks, Inc. (PANW) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/PANW/.

“Parker-Hannifin Corporation (Ph) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/PH/.

“Prologis, Inc. (PLD) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/PLD/.

“PVH Corp. (PVH) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/PVH/.

“Quanta Services, Inc. (PWR) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/PWR/.

“Rambus Inc. (RMBS) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/RMBS/.

“Range Resources Corporation (RRC) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/RRC/.

“Regeneron Pharmaceuticals, Inc. (REGN) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/REGN/.

“RingCentral, Inc. (RNG) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/RNG/.

“Robinhood Markets, Inc. (Hood) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 23 Mar. 2025, https://finance.yahoo.com/quote/HOOD/.

“RTX Corporation (RTX) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/RTX/.

“S&P 500 (^GSPC) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 25 Mar. 2025, https://finance.yahoo.com/quote/%5EGSPC/.

“Salesforce, Inc. (CRM) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/CRM/.

“Sharkninja, Inc. (SN) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/SN/.

“SPDR FactSet Innovative Technology ETF (XITK) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/XITK/.

“SPDR NYSE Technology ETF (XNTK) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/XNTK/.

“SPDR S&P Biotech ETF (XBI) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/XBI/.

“SPDR S&P Health Care Services ETF (XHS) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/XHS/.

“SPDR S&P Oil & Gas Equipment & Services ETF (XES) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/XES/.

“SPDR S&P Oil & Gas Exploration & Production ETF (XOP) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/XOP/.

“SPDR S&P Retail ETF (XRT) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/XRT/.

“SPDR S&P Semiconductor ETF (XSD) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/XSD/.

“SPDR S&P Software & Services ETF (XSW) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/XSW/.

“Steris Plc (STE) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/STE/.

“Taiwan Semiconductor Manufacturing Company Limited (TSM) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 25 Mar. 2025, https://finance.yahoo.com/quote/TSM/.

“Tesla, Inc. (TSLA) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/TSLA/.

“The Campbell’s Company (CPB) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/CPB/.

“The Communication Services Select Sector SPDR ETF Fund (XLC) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/XLC/.

“The Consumer Staples Select Sector Spdr Fund (XLP) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 25 Mar. 2025, https://finance.yahoo.com/quote/XLP/.

“The Energy Select Sector SPDR Fund (XLE) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/XLE/.

“The Financial Select Sector Spdr Fund (XLF) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/XLF/.

“The Health Care Select Sector Spdr Fund (XLV) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 25 Mar. 2025, https://finance.yahoo.com/quote/XLV/.

“The Technology Select Sector Spdr Fund (XLK) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/XLK/.

“Tidewater Inc. (TDW) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/TDW/.

“Valaris Limited (VAL) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/VAL/.

“Valero Energy Corporation (VLO) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/VLO/.

“Vaneck Semiconductor ETF (SMH) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/SMH/.

“Veeva Systems (VEEV) - Market Capitalization.” CompaniesMarketCap.Com - Companies Ranked by Market Capitalization, https://companiesmarketcap.com/veeva-systems/marketcap/. Accessed 26 Mar. 2025.

“Veeva Systems Inc. (VEEV) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/VEEV/.

“Vertiv Holdings Co (VRT) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/VRT/.

“Viking Therapeutics, Inc. (VKTX) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/VKTX/.

“Vistra Corp. (VST) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/VST/.

“Xtrackers MSCI USA Selection Equity ETF (USSG) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/USSG/.

“Zoom Communications Inc. (ZM) Stock Price, News, Quote & History.” Yahoo! Finance, Yahoo!, 26 Mar. 2025, https://finance.yahoo.com/quote/ZM/.

Ark Next Generation Internet ETF (ARKW) Stock Price, News, Quote & History - Yahoo Finance, https://finance.yahoo.com/quote/ARKW/. Accessed 26 Mar. 2025.

Distillate U.S. Fundamental Stability & Value ETF (Dstl) Stock Price, News, Quote & History - Yahoo Finance, https://finance.yahoo.com/quote/dstl/. Accessed 26 Mar. 2025.

First Trust Natural Gas ETF (FCG) Stock Price, News, Quote & History - Yahoo Finance, https://finance.yahoo.com/quote/FCG/. Accessed 26 Mar. 2025.

First Trust Rba American Industrial Renaissancetm ETF (AIRR) Stock Price, News, Quote & History - Yahoo Finance, https://finance.yahoo.com/quote/AIRR/. Accessed 26 Mar. 2025.

FT CBOE Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) Stock Price, News, Quote & History - Yahoo Finance, https://finance.yahoo.com/quote/KNG/. Accessed 26 Mar. 2025.

Global X U.S. Infrastructure Development ETF (PAVE) Stock Price, News, Quote & History - Yahoo Finance, https://finance.yahoo.com/quote/PAVE/. Accessed 26 Mar. 2025.

Invesco Phlx Semiconductor ETF (SOXQ) Stock Price, News, Quote & History - Yahoo Finance, https://finance.yahoo.com/quote/SOXQ/. Accessed 26 Mar. 2025.

Jpmorgan U.S. Quality Factor ETF (JQUA) Stock Price, News, Quote & History - Yahoo Finance, https://finance.yahoo.com/quote/JQUA/. Accessed 26 Mar. 2025.

Principal U.S. Mega-Cap ETF (USMC) Stock Price, News, Quote & History - Yahoo Finance, https://finance.yahoo.com/quote/USMC/. Accessed 26 Mar. 2025.

SP Funds S&P 500 Sharia Industry Exclusions ETF (Spus) Stock Price, News, Quote & History - Yahoo Finance, https://finance.yahoo.com/quote/SPUS/. Accessed 26 Mar. 2025.

SPDR S&P Insurance ETF (KIE) Stock Price, News, Quote & History - Yahoo Finance, https://finance.yahoo.com/quote/KIE/. Accessed 26 Mar. 2025.

Topbuild Corp. (BLD) Stock Price, News, Quote & History - Yahoo Finance, https://finance.yahoo.com/quote/BLD/. Accessed 26 Mar. 2025.

TESTIMONIALS

Jim Cramer

“I use it constantly, and I almost never want to go against it.”

Ana C.

“Please don’t stop providing recommendations. I’m not an aggressive buyer, but my portfolio has gone up over $90,000 in the last year and a half, even after monthly withdrawals to supplement my fixed income. Thank you.”

Brian H.

“What did I do with my winnings? I retired early at 57 years old!!!! I found I was making nearly as much as my previous 6 figure salary from the software industry, and with a lot less stress. How’s that for a good proof point! What I learned in 2023 - As I look back on when I sold vs. what the stock trades for today, it’s obvious that I simply sold too early based on overall market conditions. I’ve learned to look deeper into Power Gauge details and only sell when certain indicators suggest that the stock and/or the industry has reached its peak or will likely not continue to grow as quickly. In short, I am super happy with the information that Power Gauge provides and with the great stock recommendations in the various portfolios. I wouldn’t invest in a single stock or ETF without first checking Power Gauge! Power Gauge has become an invaluable tool for buying and selling, and I have recommended the service to at least 5 people. I feel like I should be on commission from Chaikin Analytics. Please keep up the good work”

Chuck F.

“The Power Gauge is my primary go-to toolkit. I have achieved amazing results again this year, and we still have two months to go. I am very confident that I will continue to achieve great results in the future. So far this year, I have collected in my retirement account over $240,000. I am sitting on unrealized capital gains of over $53,000 based on Chaikin Trust recommendations, and almost $25,000 in positions I began using the Power Gauge screener. I am spending less time monitoring my portfolio and more time on personal travel, volunteer activities, and family. I couldn't be happier with this partnership.”

Bonnie S.

“IN 2023, I ALSO INVESTED IN YOUR TOP STOCKS. I SOLD ON YOUR ADVICE, BUT NOT ALL. I KEPT A FEW LONGER AND SOLD WHEN THE POWER GUAGE TURNED YELLOW. I AM HAPPY TO SAY THAT I STILL HOLD FROM 2023 [redacted] AND [redacted]. I AM CURRENTLY UP 230% ON [redacted] AND 132% ON [redacted]. ON THE OTHER POWER GUAGE INVESTOR STOCKS RECOMMENDED IN 2024, I INVESTED IN 10 POSITIONS. I SOLD 2 OF THE 10 WITH A TOTAL GAIN, BUT ONLY ABOUT 2.5%. THE OTHER 8 I STILL HOLD. I'VE INVESTED $11,800 IN THESE 8 POSITIONS, AND I AM CURRENTLY SHOWING AN OVERALL PROFIT (UNREALIZED) OF $1173, THAT'S ALMOST 10%. I AM A RETIRED WIDOW. THE PROFITS THAT I MAKE HELP TO SUPPLIMENT MY SOCIAL SECURITY INCOME. I'VE ALWAYS LIKED MARC'S ATTITUDE, AND OF COURSE HIS KNOWLEDGE IS A SUPER BLESSING. THANK YOU MUCH”

Larry L.

“I was delighted to find my portfolio gained today despite the fact that all the major indexes declined. I LOVE using your rating system. Thanks so much!”

Bob Lang

“In all of my years in trading I have tried many different styles and approaches, but [Chaikin] is one system that stands out, head and shoulders, above the rest.”

Bill and Amy

“At the time I subscribed to the Power Gauge, I was with another service, losing my shirt and down 25%... I now use the Power Gauge daily and have been able to gain back my losses from 2022. Thank you, for helping us.”

Anthony C.

“In 2022, my portfolio lost 35%... My financial advisor said not to change anything and that it will eventually come back. At that point, I decided I needed to do something different moving forward. You have provided the missing piece I needed to become successful in the market. Since taking control of my investments, I now view retirement as a probability and not a possibility. Thank you!”

Vicki S.

“I have a very small portfolio because I put my faith in the wrong person, so protecting what I had was extremely important to me. The Power Gauge has been well worth the expense. I now trust myself to use it to be able to grow my nest egg.”

Linda M.

“As a retired educator, I don’t have a great deal of money… But I am a woman who wants to see results. Since joining Marc, I have yet to experience a losing stock.”

Greg H.

“I can tell you I am so happy to be using your Power Gauge Report because it has helped me gain back about $50K of losses. I did not own any of the stocks you warned about but the Power Gauge did help me find some real winners [redacted], [redacted], & [redacted]. Your product and life’s work is a fantastic research tool for us retail investors and I use it daily. It was well worth it and I have made MONEY!”

Jeff H

"I am a recent member, under one year.  My strategy using the Chaikin Power Gauge has worked through this turbulent market. A portion of my portfolio has been dedicated  to the Industry Monitor recommendations.  I am completely satisfied.  My returns have advanced my portfolio with the market, protected the down swings, and paid for my membership!"

Dawson D.

“In just over a year, thanks mostly to using the Power Gauge for when to buy or sell stocks, I have increased the value of my stock portfolio by almost 70 percent! Thank you from the bottom of my heart for creating such a fantastic tool, and for your steady stream of great market analysis.”

Barry I.

“I believe your service is without a doubt the best available on the market. I never make a trade without referencing Chaikin Analytics. I find it invaluable.”