In Today’s Issue:

• Rareview 2X Bull Cryptocurrency & Precious Metals ETF

• Our Next Webinar—-Cash from Corruption: Profiting Off Washington’s Grift Machine

• Bad Jobs = Good News? Why the Fed May Be Cornered

• Drones, Defense, and the Next Trump Executive Order – The Coming Boom in the “Sky War” Economy

• Wells Unleashed: The $400 Billion Threat to Regional Banks

• and more……..

Cash from Corruption: Profiting Off Washington’s Grift Machine

- Two strategies to tap into Washington's grift with limited risk and unlimited upside

- How to use AI to recognize the next top themes before the "smart money" does.

- My simple hedging strategy that takes advantage of the real "dumb money" on Wall Street

To register:

Bad Jobs = Good News? Why the Fed May Be Cornered

Weak ADP data put a damper on the market a bit yesterday. Bond yields fell as traders no doubt thought this might force the Fed’s hand. Still staying away from bonds at the moment as I worry that the fiscal situation puts a cap on any gains. You also have to wonder how much impact the tariff uncertainty will have on the Fed’s timing.

So we watch Friday’s jobs report with great interest as a weaker than expected number could be a game changer.

Kind of agree with Mohit here, path of least resistance for stocks does seem to be up. I’ve been back to putting small amounts of money to work each day, trying to find the next big theme.

The Trump’s Inner Circle theme has taken some bumps. You have to wonder if Elon is still in the inner circle….

I exited TSLA when it broke the 10 day anyway.

CLBR has also gotten crushed the past two days (top holding in SPCX)…

Just remember….

Speaking of the next theme, I think it could be drones (more below). One name that spans the Trump’s Inner Circle and drone themes is UMAC…..

From GPT…..

Drones, Defense, and the Next Trump Executive Order – The Coming Boom in the “Sky War” Economy

“The age of the drone is no longer coming—it’s here. And it’s about to become the most investable corner of defense tech since the invention of GPS.”

That’s the story behind the Trump administration’s quiet redirection of critical antidrone technology from Ukraine to U.S. forces. It’s not just a geopolitical pivot—it’s a flashing neon sign that drones, and the systems designed to counter them, are now central to U.S. defense planning.

And it points to one unmistakable trend: the drone-industrial complex is about to enter hyperdrive.

🛰 The Real Takeaway From Trump’s Fuze Transfer

On the surface, this looks like Washington bureaucracy playing favorites. But under the hood, what’s happening is far more telling:

This pivot signals that:

• Trump’s next executive order could directly address drone production, countermeasures, or export acceleration.

• The Middle East, not Ukraine, is now the primary theater for drone warfare.

• The U.S. military is preparing for drone saturation scenarios—think Houthi and Iranian swarms, not just rogue strikes.

⚠️ The Coming Drone Crisis — And Windfall

While AI gets all the headlines, drones are the overlooked power play in both AI warfare and defense modernization. Just like semiconductors in the AI boom, drones are about to become the bottleneck in the modern battlefield.

And that spells opportunity for early investors who know where to look.

The systems being redirected—like the Advanced Precision Kill Weapon System (APKWS) with proximity fuzes—are cheap, scalable, and exactly what the DoD wants more of. They’re already being mounted on F-16s and F-15s for one reason: sidewinder missiles are too expensive.

🧨 Winners: The Drone Arms Race Beneficiaries

Here’s who benefits directly as Trump pivots toward drones and hypersonics:

Wildcard: Palantir (PLTR)—AI-enabled drone analytics, battlefield automation (7.5)

❌ Losers: Left Behind by the Drone Surge

🧭 What Comes Next: Executive Order Watch

There is a growing likelihood that Trump’s next executive order targets drone supply chains. Why?

1. The administration already named drones a strategic priority via DARPA and DoD planning.

2. Current capacity can’t meet projected demand across U.S. bases, allies, and export partners.

3. Swarm attacks in the Red Sea, Ukraine, and potentially Taiwan make this a 2025 issue—not 2030.

🎯 Final Take

Betting against drones in this cycle is like shorting semiconductors in 1993.

This isn’t just about Ukraine or Iran. It’s about a new doctrine of warfare built on autonomy, swarm intelligence, and precision kill-chains. And the U.S. just tipped its hand: we’re going all-in.

The right stocks—those that make the platforms, fuzes, optics, AI overlays, and sensors—could double or triple over the next 12–24 months as DoD spending accelerates and allies rush to catch up.

The war of the future won’t be fought with tanks. It’ll be fought with airborne software.

Now’s the time to position.

Wells Unleashed: The $400 Billion Threat to Regional Banks

As you know I’m not a fan of regional banks, so this caught my eye…

I had GPT analyze this and interestingly it suggested shorting regional banks (KRE), hard to say if it came to that conclusion on it’s own or it knows me so well and knew I would want it to say that though :)

Wells Fargo just got its muzzle removed—and regional banks should be very worried.

🚨 The Sleeping Giant Awakens

After nearly seven years under a Federal Reserve-imposed asset cap, Wells Fargo (WFC) has been unleashed. The restriction, imposed in 2018 following a series of scandals, limited the bank’s total assets to around $1.95 trillion. This meant that as the rest of the U.S. banking system absorbed hundreds of billions in deposits—especially during COVID stimulus waves and last year’s regional banking scare—Wells sat on the sidelines.

Now the leash is off.

💥 Implications for Regional Banks

Wells Fargo is one of the few banks in America with the brand, balance sheet, and branch footprint to pose an existential threat to regionals—and it just got permission to start punching again. From 2019 to 2024, regional banks added $1 trillion in deposits. Wells? Just $5% growth—far below the industry. Had it matched national growth, it could’ve added more than $400 billion.

Guess where that money is coming from now?

• With the Fed shrinking its balance sheet and no new stimulus coming, new deposits must come from competitors.

• Regional banks, which rely heavily on deposit spreads for profits and don’t have large investment banking arms, will be the first to feel the pressure.

• Expect a brutal repricing war for retail deposits—especially as Wells ramps up its push into cash-rich corporate and investment clients.

🔥 Why This Matters Now

In 2023, the regional banking crisis triggered by SVB’s collapse taught us how fragile deposit confidence can be. With Wells now free to offer better terms, slicker digital tools, and more attractive corporate banking solutions, smaller banks could see an exodus of sticky deposits—the lifeblood of their balance sheets.

Wells’s strategy is likely to prioritize:

• Retail deposits: They’re sticky and cost-effective.

• Corporate cash management: Where Wells can now aggressively court big clients.

• Investment banking cross-sell: Now possible with asset growth unchained.

🏆 Winners and Losers

💡 Strategic Takeaway for Investors

With WFC back in the game, regional bank consolidation could accelerate as smaller players struggle to retain depositors and maintain profitability. For investors, this is a wake-up call:

• Trim or hedge regional bank exposure.

• Reallocate toward large-cap banks with room to grow, like Wells, which now has both a defensive and offensive position.

• Consider inverse or leveraged ETFs tied to regional banks, such as $KRE, as a tactical hedge.

In short: The Fed’s artificial lid on Wells Fargo created a deposit vacuum that helped keep regionals alive. That lid is gone—and the competition is about to get very real.

Before You Go Some Ways I Can Help

1. ETFs: We offer innovative ETFs that cover all aspects of The H.E.A.T. Formula, Hedges, Edges, and Themes.

2. Consulting: I'm happy to jump on the phone with financial advisors at no charge. I've built a wealth management firm and helped other advisors grow their practices through the use of substantially differentiated investment strategies. If you want to talk just send me an email at [email protected]

3. Monthly investing webinars

4. Rebel Finance Podcast https://www.youtube.com/@TuttleCap

5. Wealth Management-Coming Soon

6. Paid Newsletter Service-Coming Soon

   The views and opinions expressed herein are those of the Chief Executive Officer and Portfolio Manager for Tuttle Capital Management (TCM) and are subject to change without notice. The data and information provided is derived from sources deemed to be reliable but we cannot guarantee its accuracy. Investing in securities is subject to risk including the possible loss of principal. Trade notifications are for informational purposes only. TCM offers fully transparent ETFs and provides trade information for all actively managed ETFs. TCM's statements are not an endorsement of any company or a recommendation to buy, sell or hold any security. Trade notification files are not provided until full trade execution at the end of a trading day. The time stamp of the email is the time of file upload and not necessarily the exact time of the trades. TCM is not a commodity trading advisor and content provided regarding commodity interests is for informational purposes only and should not be construed as a recommendation. Investment recommendations for any securities or product may be made only after a comprehensive suitability review of the investor’s financial situation.© 2025 Tuttle Capital Management, LLC (TCM). TCM is a SEC-Registered Investment Adviser. All rights reserved.