The Setup’s Swan Song

Sponsored By April 6, 2022 Good morning traders, Welcome back to The Daily Setup. It is with a heavy heart that I let you know that this will be the last edition of The Daily Setup. It’s been a great run, and I thank you all for being loyal readers, but we’re shifting our focus to other efforts here at HQ. [Subscribe to The Boardroom]( where the fellas will continue to sling out content in an equally informative and entertaining read that you’ve all grown to love. As for today’s newsletter, our swan song if you will, markets pulled an [Amber Heard in the bed]( thanks to CPI clocking in at 8.3%. Here’s what on the docket today: - Inflation gives the markets a gut punch - It turns out stable coins aren’t that stable - Apple finally kills off the iPod Nick How'd the markets look? Market Outlook DISH Network Biggest Mover [NASDAQ]( DISH learned the hard way that investors like to see results. On Wednesday, the company's stock fell [almost 20%]( to a two-year low after it announced its plans to transition from satellite cable provider to full-blown wireless carrier. Its 5G network launched last week in Vegas where it held Wednesday’s investor meeting. On the year, DISH shares are down 33%. Inflation - And now back to your regularly scheduled disappointment Street Stories [Cycling Downhill] Things were looking up for a few hours on Wednesday, as the markets started the day on a bit of a run. That [quickly changed]( once inflation data was released from April, clocking in at a still-high 8.3% annual rate. After starting the day in the green, all three indices ended back in the red, and order had been restored. - The Dow fell 1% on the day, while the tech-centric Nasdaq fell 3.2%. - The S&P showed the most promise, after snapping a losing streak on Tuesday, but quickly reversed course and ended 1.65% in the red. - Crypto was no better off and bitcoin has now fallen more than 56% from last year’s all-time high of $68k. According to experts, inflation [isn’t going anywhere]( anytime soon, with some saying “the band aid is coming off slowly.” Here’s to hoping that bandaid doesn’t get stuck to your foot in the pool this summer. Sponsored By: "If You Don't Own Gold, You Know Neither History Nor Economics." - Ray Dalio Inflation in the U.S. is eroding savings at its fastest pace in more than 40 years. Billionaire investors such as Ray Dalio are hedging their bets with gold. Trusted industry leaders, APMEX & Sprott, launched [OneGold]( as a modern precious metals investment platform with instant transactions, 24/7 trading, and unique features like AutoInvest. Download the mobile app today or get started with a free account [here.]( Why [OneGold](? - Easiest Way to Own Gold and Silver - Top-Tier Global Vaulting Options - Insured & Audited Metals - IRA Eligible - Seamless Funding/Withdrawals - Physical Redemption - Reputable Backing [OWN GOLD & SILVER IN SECONDS, DOWNLOAD THE APP NOW!]( *See Disclaimer Below UK to Become the Crypto Kingdom Token Talk [Token Talk] The idea of a [crypto island]( is nothing new but it appears that the UK wants to be the first to pull it off successfully. The British government has recently detailed their plans to regulate stablecoins and other digital assets for the coming future. This is a surprising turn as leadership in other Western governments have been growing [increasingly cranky]( about crypto’s ability to function outside of traditional financial systems. - The first move by the UK Treasury is to [bring stablecoins within regulation]( as a recognized form of payment. Those coins to be recognized have yet to be officially announced. - They are also unable to escape NFT-Mania (a little late to the party there, mate), disclosing that the Royal Mint will produce [an official NFT]( this summer. - The buck doesn’t stop there though, as the government also plans to legislate a “financial market infrastructure sandbox” to facilitate the development of crypto-adjacent technologies. Think [blockchain being used to issue government bonds]( etc. Historically, the UK has been rather hawkish on cryptocurrency, [rejecting ads promoting Bitcoin]( among other hostile actions. This has made some in the crypto-space skeptical of the plan. However, it’s possible that as the Brits see their compatriots in the US and [EU](clamping down on digital assets, they recognize this as an opening to become a global leader in crypto. Remarkably forward-thinking for the country that brought you [toast sandwiches](. Airlines Assemble Deals and Rumors [Deals and Rumors] There was some good news for everyone’s “favorite” airline Spirit (SAVE) on Tuesday as news broke that JetBlue (JBLU) made a $3.6B all-cash offer for the budget flight-provider. This was particularly unexpected by Frontier Airlines (ULCC) who had just [reached an agreement to merge with Spirit]( in February. Spirit is still evaluating JetBlue’s offering but regardless of what happens it’ll be like the Avengers of sh*tty airlines. - Jetblue is offering a bid for $33/share of Spirit. This would be a premium of [~40%]( on Frontier’s offer of $23/share in their proposed cash and shares deal. - Shares in Spirit and Frontier got a welcome boost of +22.42% and +3.92% respectively. Meanwhile JetBlue dropped by -10.43%. The surprising nature of this proposal certainly makes for good headlines but it’s unclear if Spirit will bite. That all-cash offer is certainly tempting, especially as their merger with Frontier draws ire from commentators who criticize the deal’s potential to consolidate the low-cost segment of the industry. Of course JetBlue is no saint either, recently [sued by the Justice dept]( over their proposed partnership with American Airlines. With that in mind, it might still be worth keeping my eye on Spirit as they’re clearly popular with suitors right now. Link Roundup Other News + Blame the cold - U.S. Trade Deficit gets slightly smaller in February ([link]() + How About We Continue Improving High Speed Internet on Earth - Amazon Lays Out Plans for Internet Space Network ([link]() + Elon Taking Passive-Aggressive to a Whole New Level - Elon Musk Gets a Seat on the Board of Twitter ([link]() + Affordable is a Relative Term - GM & Honda To Develop Affordable EVs ([link]() + Brainard Hints at Major Shrinkage - Fed to Shrink Balance Sheet Rapidly ([link]() Meme of the day Another Musk meme, [via @levie]( [other news] 62 Calef Hwy #233 Lee, New Hampshire 03861 United States Questions or concerns about our products? Email our team here support@thedailysetup.com © Copyright 2022, [RagingBull]( - [Refund Policy]( - [Privacy Policy]( - [Terms & Conditions]( SPONSORED AD PLACEMENT: This email contains an advertisement by a party that is unaffiliated with Raging Bull. 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