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Lunt Capital’s holdings, viewed as a landscape, reveal a certain preference. USFR, PALC, PAMC, FCTR – these names, like familiar landmarks, dominate the vista. Ramaco Resources, though gaining prominence – now accounting for 3.76% of their assets under management, a sum of $10 million – remains a smaller, yet increasingly visible, feature. It is a modest rise, perhaps, but one that invites inquiry. What has stirred their interest in this particular corner of the market?

Amazon. Predictable, I know. But they’re admitting tariffs are hitting prices? Good. Honesty. Refreshing. They’re still selling things, obviously. And apparently, all that robot stuff is actually working. They’re getting “operating leverage.” Sounds terrifyingly efficient. North American revenue up 11%, operating income soaring? Okay, fine, it’s impressive. And AWS? Still printing money. Honestly, it’s almost boring. At a forward P/E under 24? Cheap. It’s not glamorous, but it’s…reliable. Like a slightly disappointing, but ultimately dependable, boyfriend.

These are not glamorous companies promising overnight riches. They are builders of pills and potions, catering to the endless human need for relief, for a longer breath, a lighter step. And for those willing to look beyond the recent disappointments, the current price offers a peculiar opportunity. A chance to acquire a piece of the machinery that keeps us, however imperfectly, functioning.

Enter Applied Digital (APLD +8.49%). Now, the name sounds suspiciously like something a wizarding accountant would come up with, but they’re not brewing potions (at least, not that we know of). They’re building data centers. Not just any data centers, mind you, but ones specifically designed to handle the insatiable hunger of the AI gods. And, if you’ll permit a moment of uncharacteristic optimism, they might just be onto something.

The rationale is not, I assure you, rooted in any naive expectation of linear progression. Rather, it is a consequence of observing a pattern, a subtle mirroring of architectural stability in the seemingly chaotic currents of the market. Realty Income, with its focus on real estate – those enduring, yet mutable, monuments to human endeavor – offers a certain… groundedness. A fleeting illusion, perhaps, but one that, in the grand library of financial instruments, merits attention.

The learned scholar, Master Alistair Finch, in his apocryphal treatise, “The Geometry of Speculation,” posited that all investment vehicles are, at their core, mirrors – reflecting not merely the underlying asset, but the anxieties and aspirations of those who gaze into them. These two trusts, then, are twin mirrors, offering a glimpse into the age-old fascination with the yellow metal. Both aim to replicate the performance of gold bullion, freeing the investor from the logistical labyrinth of physical storage – a considerable advantage, given the ephemeral nature of security in our age.

For five years, the shares of this venerable institution have offered a yield, a regular pulse of income, but one shadowed by a declining price – a bittersweet offering, like a ripe mango touched by frost. The S&P 500, meanwhile, has surged, a relentless tide lifting all boats, while Western Union has remained tethered, a lonely galleon in a sea of progress. But to assume this languor will persist is to misunderstand the enduring power of habit, the deep-seated trust built over generations, and the subtle currents that shift beneath the surface of financial markets.

Yet, as with all theatrical productions, the curtain has risen and fallen upon a most uneven performance. The year 2025 saw a spirited ascent, a veritable rocket launch of enthusiasm, only to be abruptly grounded by a broader sell-off amongst those who dabble in the atom’s power. The final tally? A modest decline of 3.5%, leaving Nano trailing behind both the venerable S&P 500 and the VanEck Uranium and Nuclear ETF [NLR 0.09%]. A humbling experience, to be sure.

It is immediately apparent that Vanguard, with its considerably lower annual charge, presents a more economical proposition. One cannot help but observe that a prudent management of expenses is, after all, the very foundation of a secure future. Fidelity, however, boasts a higher dividend yield, a feature which may appeal to those who prioritize immediate income, though one must always question whether such advantages are not purchased at a corresponding degree of risk.

Then we have Nike (NKE 0.72%). A name everyone knows, like a particularly bossy headmaster. They make the shoes, the shirts, the whole kit and caboodle. But even headmasters have their off days, and Nike, it seems, is currently having a bit of a wobble. A rather expensive wobble, if you ask me.