Market Overview - Traditional valuation metrics indicate a stretched market in the S&P 500, suggesting potential overvaluation [1] - Despite this, many investors view equities as a core portfolio component and are hesitant to sell [1] Company Profile - Binary Tree Analytics (BTA) has a background in investment banking cash and derivatives trading [1] - BTA aims to provide transparency and analytics for capital markets instruments and trades, focusing on Closed-End Funds (CEFs), Exchange-Traded Funds (ETFs), and Special Situations [1] - The company targets high annualized returns with a low volatility profile and has over 20 years of investment experience [1]