For a Limited Time: Gain Access to The Ultimate Guidebook to Navigate the Treacherous Second Half of 2025 with Unbiased, Data-Driven Clarity.

You’ve seen the headlines. Markets are at “all-time highs.” The financial news networks celebrate widespread gains. It feels like a golden age where every bet pays off.

But our analysis reveals a starkly different picture.

The market is not on solid ground. It is walking a tightrope, suspended high above economic reality. The Shiller P/E ratio, a historically reliable valuation metric, is at a level seen only once before the Dot-Com bubble burst.

The market is confusing momentum with stability and gambling with investing. A reliance on emotion and headlines, where even bad news is spun as good news, is an unsustainable strategy.

At New Constructs, we do not hope. We analyze.

Our proprietary AI Agent for investing does what no human can: it reads millions of pages of SEC filings, including the footnotes where the real truth is buried. We uncover a company’s true economic earnings, not the easily manipulated GAAP numbers Wall Street prefers.

That is why, for a limited time, we are offering The Ultimate Market Guidebook.

It’s a comprehensive strategy for both offense and defense, giving you an essential map to navigate the volatility we see accelerating in the second half of 2025.

The Guidebook combines our two most critical Model Portfolios, giving you a complete toolkit to identify genuine opportunities and, just as importantly, avoid the hidden torpedoes.

Part 1: Your Offensive Strategy — The Most Attractive Stocks Model Portfolio

In a market this expensive, finding good stocks is difficult, but not impossible. You simply need to look where others don't. This portfolio scours the market to find the few companies with both high-quality earnings and cheap valuations, based on forensic analysis of their real cash flows.

Stocks on this list exhibit:

✅  High-Quality Earnings: Rising Returns on Invested Capital (ROIC) and consistently positive Economic Earnings.
✅  Cheap Valuations: Positive Free-Cash-Flow Yields and low Price-to-Economic Book Value (EBV) ratios.

This is where you can still confidently put money to work. These are companies with strong fundamentals and room to grow, even if the broader market stagnates.

Recent Performance Examples (July 2 - July 15, 2025):

• Most Attractive Pick #1: +31%
• Most Attractive Pick #2: +11%
• Most Attractive Pick #3: +8%
• S&P 500 Over Same Period: +1%

Part 2: Your Defensive Radar - The Most Dangerous Stocks Model Portfolio

All the gains in the world can be wiped out by one portfolio blow-up. This portfolio acts as your early-warning system, identifying the overvalued and fundamentally weak companies that are propped up by hype and misleading accounting. These are the "torpedoes" hiding in plain sight.

Stocks on this list exhibit:

• • Poor-Quality Earnings: Misleading GAAP numbers that hide negative and falling Economic Earnings.
  • Expensive Valuations: High Price-to-Economic Book Value (EBV) ratios and little to no Free-Cash-Flow.

Knowing what not to own is a cornerstone of intelligent investing, especially now.

Recent Performance Examples (July 2 - July 15, 2025):

• • Most Dangerous Pick #1: -5%
  • Most Dangerous Pick #2: -5%
  • Most Dangerous Pick #3: -4%
  • S&P 500 Over Same Period: +1%

Superior Research Trusted By The World's Top Financial Institutions

The data and analysis behind these Model Portfolios are the same that we provide to our institutional clients, who trust our research to make critical investment decisions. Our client list includes:

• • Merrill Lynch
  • Morgan Stanley
  • Raymond James
  • UBS
  • Goldman Sachs Asset Management

Now, you can access this same professional-grade research to guide your own portfolio.

The second half of 2025 will demand more than hope. It will demand precision.

It will demand clarity.

It will demand a commitment to unbiased, fundamental truth.

This is your opportunity to equip yourself with exactly that.