The document outlines the strategy and analysis for the Majestic Fund, which aims to beat the S&P 500 by forecasting economic cycles and selecting stocks from industries that perform well during different economic conditions. Key aspects include forecasting GDP using a regression model, identifying pro-cyclical and counter-cyclical industries based on their correlation with GDP, and selecting stocks from those industries with high EPS and equity to construct the portfolio. The analysis shows the portfolio achieved lower risk exposure than the market and outperformed the S&P 500, demonstrating the effectiveness of the strategy.