Nixon did it on a Sunday night. Nobody saw it coming.

Nixon didn't warn anyone before that broadcast. This time, someone is warning you first.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

April 19, 2026   |   Read online On Sunday evening, August 15, 1971, Richard Nixon interrupted regular television programming. He spoke for 15 minutes. By the time he finished, the gold standard was over. The dollar was no longer backed by anything except the government's word. And every dollar in every American's savings account had quietly changed — not in number, but in what it actually meant. Nixon didn't ask Congress. He didn't hold a debate. He used a single executive authority and by Monday morning the monetary world had shifted. The people who saw it coming had already moved. Gold tripled in three years. Over the next decade it went up twenty times. The people who didn't understand what was happening watched their savings quietly lose value for a decade. They never recovered it. Here's what the financial press isn't saying clearly: Trump has that same executive authority today. And his own advisors are now openly saying the reversal of what Nixon did is on the table. If he acts, it moves fast. There are two ways this plays out. Both of them move gold in the same direction. We put together a free briefing on exactly what Nixon did, why Trump is the first president positioned to reverse it, and the one move Americans can make right now to be on the right side of what comes next. Free. 30 seconds to request. Nixon didn't warn anyone before that Sunday night broadcast. Trump's advisors are warning you right now. GET THE FREE GUIDE GET THE FREE GUIDE Today's Exclusive Story Lumentum's 1,500% Run and Nvidia's $2 Billion Deal: What Comes Next? Author: Chris Markoch. Date Posted: 4/9/2026. Key Points Lumentum surged by more than 1,400% as AI infrastructure demand drove momentum and led to its S&P 500 inclusion. A $2 billion partnership with NVIDIA positions the company at the center of next-gen optical networking. Despite strong catalysts, valuation, short interest, and capacity constraints suggest patience may be warranted. Special Report: Wall Street banks are fighting over one IPO (From Behind the Markets) Investors may not have heard much about Lumentum Holdings Inc. (NASDAQ: LITE) in the mainstream financial press in 2025, but that’s changing. LITE is up more than 1,500% in the past 12 months, and two newsworthy catalysts are making the company hard to ignore as part of the ongoing artificial intelligence (AI) trade. Founded in 2015 as a spinoff from JDS Uniphase, Lumentum makes optical and photonic products used in telecommunications, 3D sensing and, increasingly, data center infrastructure. The company spent years as a relatively quiet supplier to the tech industry — known inside the sector but rarely a headline name. That era appears to be over. Lumentum Rhymes With Momentum It’s just a coincidence that Lumentum rhymes with momentum, but that’s exactly what the stock was building in 2025. That momentum turned into a massive breakout in 2026, with LITE climbing roughly 140% year to date. You’re Being LIED To About The Iran War (Ad) The mainstream explanation for the Iran airstrikes may not be the full story. Addison Wiggin, Founder of Grey Swan Investment Fraternity, says there's a deeper motive behind the bombing campaign that most coverage is ignoring. If you're making investment decisions based on what you're hearing in the news, Wiggin argues you could be working with an incomplete picture. Read Addison Wiggin's full breakdown of the real Iran story Some of that growth reflected anticipation of inclusion in the S&P 500 index, a distinction announced on March 10. Index inclusion doesn’t change a company’s fundamentals, and unlike the case with Palantir Technologies Inc. (NASDAQ: PLTR), it didn’t materially increase institutional ownership of LITE — over 94% of the stock’s float is already held by institutions. The more significant catalyst was a partnership announced with NVIDIA (NASDAQ: NVDA) to accelerate innovation in advanced optics technologies. NVIDIA will pay Lumentum $2 billion — more than the company’s entire revenue for its 2025 fiscal year. Why NVIDIA Is Betting on Lumentum Investors have shown signs of data center fatigue, with some technology stocks plunging on worries that the buildout may not match expectations. But Lumentum operates in the photonics market, which is forecast to grow at a compound annual growth rate (CAGR) of 6.6% through 2030. Photonics connects data center components with light, enabling faster signal transmission and, importantly, lower heat generation. Copper remains the standard today because it is cheaper than optical equipment, and it will likely remain the preferred solution in many cases. Still, a copper shortage has opened the door for photonics companies to gain traction. For NVIDIA, the partnership is less about immediate necessity and more about positioning for the future. As AI clusters scale to hundreds of thousands of GPUs, the bandwidth and thermal limitations of traditional copper interconnects become harder to manage. By securing a deep relationship with one of the most capable optical-component makers, NVIDIA is hedging against infrastructure constraints that could slow AI buildout. For Lumentum, the $2 billion commitment provides capital to expand manufacturing capacity and accelerate R&D at a pace that would be difficult to fund organically. A Trend Reversal Worth Watching While S&P 500 inclusion won’t automatically change long-term institutional interest, it can affect sentiment. Over the past two quarters, institutions have been net sellers of LITE — not necessarily a judgment on the business, but an acknowledgment that the stock may have run ahead of fundamentals. Now that Lumentum is part of the S&P 500, many funds will be required to hold the stock. That demand may not alter the company’s long-term outlook, but it could establish a higher near-term floor for the share price. Traders May Want to Wait for a Pullback The chart shows investors accumulated LITE shares ahead of its S&P 500 debut: the stock moved strongly between March 10, when inclusion was announced, and March 23, when it began trading in the index. Some of those gains were driven by short covering. LITE carries short interest around 16%. That’s not extreme, but it is elevated on a historical basis and had been climbing as the stock ran in 2025. The rally has also pushed the stock’s valuation to lofty levels, even by technology-sector standards. Going forward, LITE may need another catalyst to push it higher. Investors will likely be watching the company’s Q3 2026 earnings report scheduled for May 5. At that time, the market will want to hear concrete progress on manufacturing capacity, which was constrained in the prior quarter. Retail investors may wonder whether the stock’s extraordinary run has already priced in the good news. The bull case argues that the NVIDIA partnership and S&P 500 inclusion mark the start of a longer re-rating. But given constrained capacity, elevated short interest, and a stock that has already moved dramatically, patience may be the most prudent position. The May earnings report should provide the clearest read yet on whether Lumentum’s fundamentals are catching up to its share price. .   Update your email preferences or unsubscribe here © 2026 The Markets Daily 345 N Reid Place #620 Sioux Falls, SD 57106, United States Terms of Service

GenZ is Souring on AI. Iran vows a response after U.S. ship interception.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

April 19, 2026   |   Read online April 19th - The Week Ahead GenZ is Souring on AI. Iran vows a response after U.S. ship interception. Together with The Week Ahead Of Us 🔍 Welcome back! Iran’s reopening of the Strait of Hormuz quickly ended. Iran has reversed its opening of the Strait of Hormuz and fired on ships attempting to pass, a move of retaliation after the U.S. continued to blockade Iranian ports. According to Iran’s Revolutionary Guard, the strait will remain closed until the U.S. blockade is lifted. As part of that blockade, the U.S. Navy intercepted and seized an Iranian cargo ship in the Gulf of Oman that ignored warnings to stop. Iran has vowed to respond. S&P Futures are off -0.8% and the Nasdaq is -0.6%, with US crude jumping back up 7% to over $90/bbl. Gasoline prices are currently ~$4.05/gallon. JD Vance is set to represent the U.S. in Pakistan for further peace talks before the ceasefire ends on Tuesday night, but the Iranian State Media is downplaying the efficacy of potential peace talks, calling US demands “unreasonable and unrealistic”. Here’s a look at earnings this week. We’re ramping up into busy season and I’m most interested in hearing how the airlines are going to talk about the rapid rise in jet fuel. Monday: Steel Dynamics, Cleveland-Cliffs, Alaska Air Tuesday: GE Aerospace, UnitedHealth Group, RTX, Chubb, Danaher, Capital One, Northrop Grumman, 3M, D.R. Horton, EQT, MSCI, Interactive Brokers, Halliburton, United Airlines, Tractor Supply, Genuine Parts, Figma, Range Resources, Wednesday: Tesla, GE Vernova, Philip Morris, IBM, Texas Instruments, AT&T, Boeing, CME Group, ServiceNow, Boston Scientific Corp, Moody’s, CSX, Kinder Morgan, United Rentals, Waste Connections, Las Vegas Sands, Raymond James, Southwest Airlines, Rogers, Taylor Morrison, Meritage Homes Thursday: Intel, American Express, SAP, Union Pacific, Honeywell, Lockheed Martin, Comcast, Freeport-McMoran, Blackstone, Baker Hughes, Comfort Systems, Nasdaq, CBRE, Keurig Dr. Pepper, Fiserv, PulteGroup, Dow, Hasbro, Pool Corp, American Airlines, Boyd Gaming Friday: Procter & Gamble, HCA Healthcare, Colgate, Charter, Nomura, Moog, Oppenheimer Here’s a look at economic data this week (estimates are in quotations). Tuesday: March Retail sales (1.5%), March Pending home sales Thursday: Initial jobless claims (210k) Friday: April Consumer sentiment (49) These guys go way beyond stocks and bonds Alts is the go-to newsletter for investors who are tired of the same public market ideas.  Each week, Stefan and Wyatt uncover overlooked markets, like Hollywood film bridge loans, Ferrari funds, even K‑Pop royalties. But they don’t just talk about investing. They structure the actual investments. Members have already invested over $13 million into SPVs — from tequila barrels, to litigation finance and fine art arbitrage. If you’re an accredited investor, Join 135,000 subscribers and see what you’ve been missing. Subscribe now → Earnings Corner 💸  Truist Financial  $TFC ( ▲ 2.31% ) generated 11.6% fee income growth y/y and raised its FY26 fee growth guide slightly to HSDs. Truist’s CEO dismissed merger rumors and raised its share buyback target to $5B in ‘26. Fifth Third Bancorp $FITB ( ▲ 1.66% ) had similarly decent numbers, revenue and EPS were inline, and the company had a nice lift following its acquisition of Comerica. Share repurchases are set to resume in 2H26. State Street $STT ( ▲ 2.49% ) posted solid 1Q earnings, reporting revenue growth up 16% y/y to $3.8B and AUM of $5.6T. Notably, management expects equity markets to be flat in 2026, although they expect tangible AI use cases to begin in 2H26 and accelerate afterwards. On The Move 📈 📉 Netflix  $NFLX ( ▼ 9.72% ) struggled post-earnings after the weak guide we highlighted Friday. Lionsgate  $LION ( ▲ 12.47% ) was on the rise following an “Outperform” note from Baird and a CEO contract extension. Energy stocks such as $PBF ( ▼ 12.83% )   $CVI ( ▼ 10.41% )   $VG ( ▼ 9.62% ) and $TALO ( ▼ 8.54% ) had a rough Friday following de-escalation - but this will likely reverse come Monday. Royal Caribbean  $RCL ( ▲ 7.34% ) and other travel stocks surged after Trump declared the Strait of Hormuz open, easing concerns over fuel prices. Iran has since closed the strait again. IPO Roundup 📍  Kailera $KLRA ( ▲ 62.5% ) , a GLP-1-focused biotech company, surged 63% in a $625M IPO amid an obesity drug race. It is currently valued at $3.1B and priced at $16 and closed at $26 on debut. Alamar Bio  $ALMR ( ▲ 29.41% ) , a protein-biomarker diagnostics firm, jumped 29% in an upsized $191M IPO. It priced at the top of its $15-$17 range, selling 11.25M shares at $17 and closing at $22, valuing it at $1.5B. Aevex $AVEX ( ▲ 34.65% ) , a maker of military drones, climbed 35% after raising $320mm in its U.S. IPO, giving it a market value of $3B. The company had $433mm in revenue last year, with a significant portion coming from Ukraine. Cerebras Systems, an AI chipmaker and data center operator, filed for a U.S. IPO that could raise $2B. The company recently withdrew a previous attempt to list after raising $1B in a private funding round. Biotech firm Odyssey Therapeutics and medical device maker Mobia Medical have filed to go public amid strong demand for biotech stocks. Liftoff Mobile, an ad tech firm backed by Blackstone, filed for a U.S. IPO just months after withdrawing a previous listing amid a software selloff. The company was valued at $4.3B in a deal last year. Geothermal developer Fervo files for IPO with $70.5M net loss for 2025, backed by investors including Devon Energy Corp, Capricorn Investment Group, Breakthrough Energy Ventures, and Centarus Capital LP. KKR-backed emergency services provider Global Medical Response files for a ~$1B IPO, with $5.7B revenue in 2025 and $4.9B in long-term debt. Roark is picking banks for the IPO of Inspire Brands. They’re looking to raise over $2B. Inspire Brands owns Dunkin’, Arby’s, and Jimmy John’s, with $33.4B of sales in 2025 and 33,300 restaurants across its portfolio. For deeper, stock market research upgrade to the WSR Investing Club Upgrade Today Today’s Headlines 📖🍿  The Danger of Mythos: Anthropic’s new model was released to only 40 companies, and for good reason: it’s the most powerful hacking tool ever created. Mythos can create break-in tools capable of uncovering bugs and exploiting vulnerabilities all on its own. It’s effective against Linux, the code that underpins most of modern computing, and its ability to act autonomously means the cost to penetrate the infrastructure of the internet is lower than ever. The powerful tool will help companies to discover and patch their own bugs, meaning greater security in the long run. But in the meantime, as the model becomes more available and is weaponized by attackers, “the people who haven’t done the basics will get hacked.” Meanwhile, the NSA has been using Mythos Preview despite top officials at the DoD labeling Anthropic a supply chain risk. It’s unclear how the agency is using it, but other organizations that have access have been using the model to scan their own cyber systems for vulnerabilities. Gen Z is souring on AI: New Gallup data show younger Americans growing less excited and more anxious about artificial intelligence, with pessimism rising even among heavy users. Concerns mount over job displacement and overhyped corporate adoption. Spirit Airlines faces potential liquidation amid fuel spike: Bankrupt Spirit Airlines is at risk of liquidation as jet fuel prices surge following the US-Iran war. This complicates its planned Chapter 11 exit and creditor negotiations despite prior efforts to cut debt and restructure its fleet. First Brands pivots to litigation trust post-bankruptcy: After closing 17 plants and cutting 4,000 jobs, bankrupt auto-parts maker First Brands will liquidate remaining operations and seed a $25M litigation trust to pursue fraud and lender claims as primary recovery for creditors. Distressed investors, including Silver Point and SVP, have amassed positions that would position them to take control of QVC in its Chapter 11 process, positioning to swap roughly $5B of claims into equity as the retailer cuts debt from $6.6B to $1.3B in bankruptcy. Live Nation secured €630M in ~15-year privately placed debt through a privately placed deal arranged by Goldman Sachs, aiming to fund its global venue expansion despite ongoing antitrust litigation pressures. Private credit enters ticketing: Eagle Point is financing loans to investors who buy and resell 2026 World Cup tickets, aiming to profit on massive mark-ups. The firm increased its $50mm package to Sports Illustrated Tickets and will sign off the loan at the full cost of the tickets, which are typically worth 3x their face value. Wealth Advisors may have had the wrong incentives to push Private Credit to Retail: Wealth advisors earned over $2B in fees from 16 private capital funds, with banks and brokerages receiving significant payments for placing clients into these products, raising concerns about whether retail fully understood these products. A tariff refund system is set to launch on Monday, allowing businesses that paid tariffs to begin claiming refunds. The government will process refunds in phases, with more recent payments being prioritized. M&A Transactions💭  QXO, a building products consolidator led by Brad Jacobs, has acquired TopBuild for $17B at a 14.9x EV/EBITDA multiple. Coeo Inkasso, a provider of debt collection services, was acquired for EUR 354.3M by doValue (MIL: DOV). Al-Hilal Club, operator of a football club, has entered into a definitive agreement to acquired for SAR 840.0M by Kingdom Holding Company. HMA Group, provider of industrial equipment, has entered into a definitive agreement to be acquired for $170.0M by Anchorage Capital Partners. Evryo Group, operator of electric generation, distribution, and supply infrastructure, has reached a definitive agreement to be acquired for $811.91M by Premier Energy Group. Bitnomial, developer of a bitcoin derivatives exchange platform, has reached a definitive agreement to be acquired for $550.0M Kraken. PJT Partners advised on the sale. Private Placement Transactions💭  Factory, developer of an AI based platform, raised $150.0M of Series C venture funding led by Khosla Ventures at a pre-money valuation of $1.35B. Aliste, developer of an energy monitoring platform, raised $300.0M through a combination of debt and equity led by Big Global Investment. SINI, operator of a network technology company, raised $505.0M of venture funding from undisclosed investors. BattMan Energy, developer of an energy storage system, raised EUR 100.0M of venture funding led by Battery Ventures. Accelerated Evolution Technology, developer of embodied intelligent systems, raised nearly CNY 1.0B of Series C venture funding from Legend Star, Guohai Innovation Capital Investment Management, and Bank of Communications Financial Assets Investment. Restructuring Updates💭 1) QVC Group (QVC / HSN parent) Type: Chapter 11 Debt: ~$6.6B (targeting reduction to ~$1.3B) What happened: Filed for Chapter 11 in Texas with a 90-day restructuring support agreement; operations continuing normally Scale signal: One of the largest media/retail bankruptcies of 2026; multi-brand national TV + e-commerce platform 2) Lexora (USA EPC / construction) Type: Chapter 11 Debt: Not disclosed What happened: Newly listed April 2026 Chapter 11 filing in Southern District of New York Scale signal: Engineering / procurement / construction firm (typically mid-to-large project exposure) 3) Noise Entertainment & Media LLC Type: Chapter 11 Debt: Not disclosed What happened: Filed Chapter 11 in Northern District of Georgia (reported mid-April tracker updates) Scale signal: Media & entertainment operator (sector currently seeing elevated distress) 4) Morrison Hospital Association Type: Chapter 11 Debt: Not disclosed What happened: Filing recorded April 10 but surfaced in active case listings and monitoring feeds during this window Scale signal: Hospital operator (healthcare bankruptcies typically involve significant liabilities and community impact) 5) Every Blooming Thing, LLC Type: Chapter 11 Debt: Not disclosed What happened: Filed April 14 (Utah) per court listings Scale signal: Small-to-mid business filing; representative of broader rise in middle-market Chapter 11 activity Restructuring Rumors💭 1) Office Properties Income Trust (commercial real estate) Type: Chapter 11 restructuring (late-stage, heavy creditor negotiations) Debt: ~$2.4B restructuring plan What happened: Approaching confirmation phase with court hearing scheduled; ongoing restructuring discussions and creditor positioning Scale signal: Large office REIT tied to broader commercial real estate distress cycle 2) FAT Brands (restaurant franchisor portfolio) Type: Distressed restructuring / potential asset sales Debt: ~$300M+ DIP financing tied to process What happened: Court-approved bidding procedures and auction timeline advancing (April 24 bid deadline) Scale signal: Multi-brand restaurant platform undergoing asset sale / restructuring process Odds of the Day 🍒  You can trade on geopolitics on Polymarket, and currently traders don’t expect a permanent peace deal until May or June. 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