Group 1 - The YieldMax Universe Fund of Option Income ETF (YMAX) is being rated as a Buy, indicating a positive outlook for the fund [1] - The previous rating of Hold was established during a tariff sell-off in April 2025, and the core reasons for that rating remain valid [1] - The analyst has over 20 years of experience in quantitative research, financial modeling, and risk management, focusing on equity valuation and market trends [1] Group 2 - The analyst emphasizes a long-term perspective on value creation, combining rigorous risk management with macroeconomic trends and corporate earnings analysis [1] - The research is co-authored with a partner, highlighting a collaborative approach to delivering data-driven insights [1]