Some of the stuff that's kind of resonated with what Joanna is saying has been with investors in ETFs who are trying to figure out ways to enhance that yield. Have you seen any signs of stress in in your mind with regard to maybe possibilities for concern down the line because of deteriorating credit quality. Is is the economy flashing some signs that maybe things are slowing down a little bit.How exactly does the macro picture shape up given what we are seeing in terms of a tilt towards income strategies. ...

Core Viewpoint - Defiance ETFs has launched three new single-stock leveraged ETFs aimed at providing amplified exposure and income strategies for investors [1][2][4] Group 1: New ETF Launches - Defiance Leveraged Long + Income PLTR ETF (NASDAQ: PLT) offers leveraged exposure to Palantir Technologies [1] - Defiance Leveraged Long + Income HIMS ETF (NASDAQ: HIMY) provides leveraged exposure to Hims & Hers Health [1] - Defiance Leveraged Long + Income HOOD ETF (NASDAQ: HOOI) delivers leveraged exposure to Robinhood Markets [2] Group 2: Investment Strategy - Each ETF combines approximately 150%–200% leveraged exposure to its underlying stock with an options-based credit call spread income strategy [2][4] - The primary objective is long-term capital appreciation, with a secondary objective of current income [4] Group 3: Company Profiles - Palantir Technologies is a leader in AI-driven data analytics, providing platforms like Foundry and Gotham to governments and enterprises [9] - Hims & Hers Health is a pioneer in personalized telehealth and direct-to-consumer healthcare, redefining access to wellness and treatment [9] - Robinhood Markets is a disruptor in retail investing, expanding access to commission-free trading and broader financial markets [9] Group 4: Company Background - Defiance was founded in 2018 and specializes in thematic, income, and leveraged ETFs, including first-mover leveraged single-stock products [6]