CPI is CPhigh

Sponsored By April 13, 2022 Good morning traders, Welcome back to The Daily Setup. Markets were down yesterday due in large part to the CPI report. Here’s what’s on the docket today: - Genius Group gains 400%+ in its public debut - CPI reports at 8.5% for March - Barracuda Networks is acquired for $3.8B So have a cup of coffee, read through the newsletter, and let’s make today a good one. Nick How'd the markets look? Market Outlook A Very Smart IPO Biggest Mover [Activision Blizzard, Inc. ]( Shares of education technology company Genius Group Ltd (ticker: GNS) made quite the first impression Tuesday with its debut on the NYSE. The stock opened the day at $15.11 and traded as high as $36.75 before sellers came in to take profits, eventually closing the day up a whopping [408.33%](. At its highest, GNS was up a ridiculous 512.5%, making the investors of Genius both literally and figuratively seem like the smartest guys in the room. In news that is shocking to absolutely no one, I’ve never owned anything that has gone up in value even a fraction of that amount. - On Monday, [Genius Group priced their IPO]( for 3.3M shares to the public and 491K to underwriters at $6/share. Gross proceeds of $22.6M were brought into the company through the public offering and will be used to further develop their Edtech platform and for corporate purposes. - The company, which currently has [2.7M students in over 200 countries](, is looking to expand its educational offerings to children and young adults. - Genius Group initially planned on a listing of [7.3M shares between $5-$6]( before reducing the size of the IPO 55% to its current level. With only one day of trading to go on, looking at the technicals is not going to provide any hints at future movement. That said, I’m looking to other education-related stocks for signs of direction until GNS builds a historical price database. Some key education stocks to look at include [TAL](, [EDU](, [LINC](, [LRN](, and [TWOU](. March CPI a Double-Edged Sword Street Stories [Cycling Downhill] The March Consumer Price Index (CPI), released before Tuesday’s opening bell, initially sent stocks higher before sellers came in to rain on the longs’ parade. Were the results really that good, or were they just not as bad as economists (who we all know are never wrong), predicted? Let's take a look: - [March CPI rose 8.5%]( year-over-year vs. economist expectations of an 8.4% increase. The increase was the largest since 1981. Bad news. However, [core inflation](, which excludes volatile food and energy prices, came in at 6.5%, in line with economists’ estimates. Good news. - [Real average hourly earnings](, adjusted for seasonality, declined .8% as inflation outpaced wage increases. Bad news. However, core inflation rose .3% month over month vs. expectations of a .5% increase, potentially signaling a peak in inflation. Good news. [According to Bloomberg](, “A [growing chorus]( of economists predict that activity will contract either because consumer spending declines in response to higher prices, or the Fed will over-correct in its effort to catch up.” The market is already pricing in a [50 basis point cut]( at the Fed’s next meeting in May, but it will be the Fed minutes that will be a window to the Fed’s strategy moving forward. If we see another core inflation decrease or increase less than expected, we just might be starting to turn the corner on this whole “not transitory” inflation thing. Sponsored By Get your FREE LMNT Sample Pack TODAY! Active traders leading active lifestyles need a hydration and electrolyte replenishment strategy. When you sweat, either from a long run or an options collar strategy gone south, you can lose sodium, up to 7 grams a day leading to cramps and fatigue. [LMNT]( (pronounced "Element") is an electrolyte drink mix that aims to get you back to peak performance with none of the junk that drags you down. No sugar, no gluten, nothing artificial, no-nonsense. With 1000 mg of sodium, 200 mg of potassium, and 60 mg of magnesium, LMNT is the right mix for high-energy traders and athletes, and works with keto, paleo, and low-carb lifestyles. [Trading may be risky but trying LMNT isn’t risky for your wallet. LMNT is so sure you will love their product and come back for more they are offering you a free LMNT Sample Pack.]( That’s 8 single serving packets FREE - Just cover the cost of shipping ($5 for US customers). [GET YOUR FREE DRINKS TODAY!]( See disclaimers below: Pantera Shuts the Door... But Opens Another Token Talk [Token Talk] Pantera Capital told investors to take a hike (or invest in their shiny new fund) as they announced that they would be closing the Pantera Blockchain Fund. The fund has more than doubled the amount raised in November of 2021, going from [$600M]( to about $1.3B. It is set to close in about three to four weeks, before which investors should figure out what they’re going to do with their holdings. - The announcement came during an investor call in which Pantera detailed their short-term roadmap, including plans for a [second blockchain fund in 2023](. That first attempt was so nice they’ll do it twice. - The call was for the new “Pantera Select Fund” announced last week with a[$200M commitment](. This fund plans to invest in “mature, revenue generating companies”, and has a May 1st deadline for limited partners enrollment. While you may or may not be enticed by Pantera’s investing strategy, it could be helpful to see where they put their money to supplement your own plays. Currently, Pantera has disclosed that the Select Fund has interest in crypto-finance firm [Amber](, an unspecified Indian crypto exchange, and a top provider of NFT domains. With that in mind I’m keeping an eye on similar sectors, as interest is certainly about to be generated. Thoma Bravo’s Cyber Shuffle Deals and Rumors [Deals and Rumors] Making money off internet mishaps is no longer just for Nigerian Princes. The growing need for cybersecurity infrastructure across every sector of the economy shows no signs of slowing down, and the increased interest of Private Equity firms in acquiring cybersecurity companies indicates there’s an appetite for investment. The latest move comes in the form of KKR & Co Inc, acquiring California-based Barracuda Networks from Thoma Bravo in a deal said to be worth [$3.8B]( (including debt of course). - Thoma Bravo took Barracuda private in 2018 for [$1.6B](, completing acquisitions of SKOUT cybersecurity and Fyde. Looks like they might make a tidy RoI. - KKR has $471B of assets under management and already has its own stable of cyber security investments including:[ForgeRock, Ping, Cylance, and DarkTrace](. While this is a nice victory for the fellas over at Thoma Bravo, the bigger story here is the movement towards acquisitions in the cybersecurity sector. The pandemic forced many businesses to pivot towards remote work, requiring them to invest in systems protection. The eagle-eyed PE firms of the world are climbing over each other to scoop up these tantalizing investments. Heck, Thoma Bravo already announced its plans to (re)purchase [Sailpoint for $6.9B](on Monday and even [Google]( is getting in on the action. Link Roundup Other News Other News Link Roundup + F*ck Air Pollution, We Need Lower Prices - Biden to Allow More Ethanol in Gas ([link]() + Couldn’t Have Happened to a Nicer Group - Pandemic Hot Streak for Banks Coming to an End ([link]() + This Whole Kohl’s Bidding War Thing is Still Going On? - Franchise Group Joins Bidding for Kohl’s ([link]() + Putin Continues to Ruin it for the Rest of Us - OPEC Cuts Global Growth and Oil Demand Forecast ([link]() + Now if We Can Just Get That Pesky Oil Price Down…A Lot! - Carmax’s Awful Earnings Send Warning to All Car Stocks ([link]() Meme Of The Day [Via @Hedgeye]( [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. Raging Bull does not in any manner recommend or endorse any stock, investment or service that is the subject of this advertisement.. DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at [(. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment. RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. Employees, owners, and other service providers of [RagingBull.com](, LLC are paid in whole or in part by commission based on their sales of Services to subscribers. WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services except possibly by advertisers in this email. However, Ragingbull.com, LLC, its owners, and its employees may purchase, sell, or hold long or short positions in securities of the companies mentioned in this communication. [Unsubscribe]( RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Unsubscribe from all RagingBull emails]( DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at [(disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment. RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor(IA), or IA representative with the U.S. Securities and Exchange Commission, any state securitiesregulatory authority, or any self-regulatory organization. WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services. However, Ragingbull.com, LLC, its owners, and itsemployees may purchase, sell, or hold long or short positions in securities of the companies mentioned inthis communication. If you have a current active subscription with Ragingbull Elite you will need to go to your subscriptions list inside the RagingBull Dashboard if you want to cancel your subscription. Opting out of emails does not remove you from your service at Ragingbull.