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This report and the information within are not investment advice or an offer to sell or a solicitation of an offer to buy any security or other financial instrument. Neither the Firm nor any person related to the Firm (“We” or “Our”) are offering, selling or buying any security to or from any person through this research report. We do not provide investment advice. You understand and agree that We do not have an investment advisory relationship with you and do not owe you any fiduciary duty. You agree that use of the research presented in this report is at your own risk and that you will do your own research and due diligence beforemaking any investment decision regarding any securities related to any issuer(s) discussed herein (“Covered Issuer”) or any other financial instruments that reference the Covered Issuer or any securities issued by the Covered Issuer. You represent that you have sufficient investment sophistication to critically assess the information, analysis and information presented in this report. You further agree that you will not communicate the contents or information in this report to any other person. This report reflects and expresses Our analysis as of the time of the report only. This report is based on generally available information, field research, inferences and deductions through Our due diligence and analytical process. To the best of Our ability and belief, all information contained herein is accurate and reliable, is not material non-public information, and has been obtained from public sources that We believe to be accurate and reliable. Further to the best of Our ability and belief, all information has been obtained from sources that are not insiders or connected persons of any Covered Issuers or who may otherwise owe a fiduciary duty, duty of confidentiality or any other duty to the Covered Issuer (directly or indirectly). However, such information is presented “as is,” without warranty of any kind, whether express or implied. With respect to the report, We make no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or regarding the results to be obtained fromits use. Further, this report only contains Our analysis and information. All information in the report is subject to change without notice, and We will not update or supplement this report or any of the information, analysis or information contained therein. We generally invest in broad based and sector related indexes, typically via mutual funds and exchange traded funds. As of the publication date of this report, We also have positions in Tesla, Nvidia, and other individual companies. Thus, We will realize gains if the prices of these securities appreciate. We may trade in Tesla and/or Nvidia stock, the other securities, or the indexes after this report, and such position(s) may be long, short, or neutral at any time hereafter regardless of the comments, information, or views stated in the report. We will not update this report or information to reflect changes in any positions held or any trades.