Research Projects

An investment map of the physical inputs powering the AI buildout, defense reindustrialization, and reshoring — power, metals, rare earths, water, nuclear fuel, and the equipment bottlenecks between them. Prices load live and every signal and entry ladder recomputes against model fair values, re-struck at a 5.0% risk-free rate. On the latest strike the entire FCFF operator book screens WAIT; the BUYs sit in precious metals, copper, Brookfield, and select insurers.

Labor-market and inflation prints tracked by release label — CPI, core CPI, PPI, payrolls, JOLTS, and derived tightness metrics — built to survive the October-2025 data gap. Adds CPI and PPI sector detail, ALFRED payroll-revision bands, productivity and unit labor costs, and a market-implied rate outlook. Seasonally adjusted, year-over-year same-month.

A passive, long-only, rules-based index on the physical supply chain of the AI buildout: the map’s 61 names in ten equal-weight sleeves, rebalanced semi-annually, no options and no cash leg. Net of an assumed 45 bp fee it compounded 21.1% against QQQ’s 14.4% with a near-identical drawdown. Supersedes the RE-FLOOR study, which found an option-funded floor cost roughly two-thirds of the upside.

A PEG < 1, P/CF < 15, accelerating-growth screen, taken through full normalized valuations. It mostly finds cyclical peaks, not value: 9 of 12 fail once earnings are normalized — a wartime commodity spread, a tungsten timing gain, memory-cycle pricing, a one-off tariff refund. Three survive: ICAGY (39% below base), RNR, and ASB.

Fresh tearsheets on ACLS, AMBP, ASB, ECG, EVTC, FAF, HWM, ICAGY, KLAC, MUX, SCSC, TXT, VIST, and VOYG, sorted cheapest to richest with bear–bull ranges and probability-weighted values. MUX and ICAGY screen undervalued; the richest are VOYG, KLAC, and HWM. Supersedes the September FAF, SCSC, and EVTC tearsheets.